According to IGM Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.67558. At the end of 2022 the company had a P/E ratio of 10.4.
Year | P/E ratio | Change |
---|---|---|
2022 | 10.4 | -6.9% |
2021 | 11.2 | 3.75% |
2020 | 10.8 | -10.03% |
2019 | 11.9 | 22.84% |
2018 | 9.73 | -44.92% |
2017 | 17.7 | 47.94% |
2016 | 11.9 | 5.39% |
2015 | 11.3 | -27.11% |
2014 | 15.5 | -16.05% |
2013 | 18.5 | 32.61% |
2012 | 14.0 | 10.47% |
2011 | 12.6 | -18.87% |
2010 | 15.6 | -22.13% |
2009 | 20.0 | 56.31% |
2008 | 12.8 | -15.07% |
2007 | 15.1 | -10.08% |
2006 | 16.8 | -6.26% |
2005 | 17.9 | 10.26% |
2004 | 16.2 | 6.67% |
2003 | 15.2 | 5.96% |
2002 | 14.3 | -39.93% |
2001 | 23.9 |
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.