P/E ratio for illumin (ILLM.TO)
P/E ratio as of June 2024 (TTM): -9.31
According to illumin's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -9.30804. At the end of 2021 the company had a P/E ratio of 22.7.
P/E ratio history for illumin from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 22.7 | -88.23% |
| 2020 | 193 | -1787.38% |
| 2019 | -11.4 | 207.75% |
| 2018 | -3.71 | -55.03% |
| 2017 | -8.25 | -89.47% |
| 2016 | -78.3 | 1233.33% |
| 2015 | -5.88 | 701.65% |
| 2014 | -0.7329 |
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.