P/E ratio for Innergex Renewable Energy (INE.TO)
P/E ratio as of April 2024 (TTM): -79.8
According to Innergex Renewable Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -79.8456. At the end of 2022 the company had a P/E ratio of -37.7.
P/E ratio history for Innergex Renewable Energy from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -37.7 | 124.83% |
| 2021 | -16.8 | -84.69% |
| 2020 | -109 | 159.74% |
| 2019 | -42.2 | -160.5% |
| 2018 | 69.7 | 6.44% |
| 2017 | 65.5 | 35.29% |
| 2016 | 48.4 | -257.99% |
| 2015 | -30.6 | 69.82% |
| 2014 | -18.0 | -173.15% |
| 2013 | 24.7 | -104.76% |
| 2012 | -518 | 2562.86% |
| 2011 | -19.4 | 166.17% |
| 2010 | -7.30 | -180.98% |
| 2009 | 9.02 | -442.62% |
| 2008 | -2.63 | -106.74% |
| 2007 | 39.0 |
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.