P/E ratio for Iamgold (IAG)
P/E ratio as of June 2023 (TTM): -7.89
According to Iamgold 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.88889. At the end of 2020 the company had a P/E ratio of 40.8.
P/E ratio history for Iamgold from 2003 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 40.8 | -1072.98% |
| 2019 | -4.19 | -93.17% |
| 2018 | -61.3 | -1236.19% |
| 2017 | 5.40 | -81.77% |
| 2016 | 29.6 | -4125.19% |
| 2015 | -0.7358 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Taseko Mines
TGB | -32.4 | 310.67% | 🇨🇦 Canada |
 Tanzanian Gold Corporation TRX | 94.9 | -1,302.66% | 🇨🇦 Canada |
 Barrick Gold GOLD | 23.7 | -400.58% | 🇨🇦 Canada |
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.