P/E ratio for Headwater Exploration (HWX.TO)
P/E ratio as of May 2024 (TTM): 12.7
According to Headwater Exploration's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.6925. At the end of 2022 the company had a P/E ratio of 8.34.
P/E ratio history for Headwater Exploration from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.34 | -64.38% |
| 2021 | 23.4 | -51.03% |
| 2020 | 47.8 | 12.28% |
| 2019 | 42.6 | -118.84% |
| 2018 | -226 | -7509.47% |
| 2017 | 3.05 | -279.73% |
| 2016 | -1.70 | 35.38% |
| 2015 | -1.25 | -71.18% |
| 2014 | -4.35 | -185.65% |
| 2013 | 5.08 | -487.7% |
| 2012 | -1.31 | 19.09% |
| 2011 | -1.10 | -98.54% |
| 2010 | -75.2 | -126.41% |
| 2009 | 285 | 3247.58% |
| 2008 | 8.51 | -95.19% |
| 2007 | 177 | |
| 2005 | 187 | 395.72% |
| 2004 | 37.8 | -203.98% |
| 2003 | -36.3 | 188.16% |
| 2002 | -12.6 | -88.43% |
| 2001 | -109 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.