According to Labrador Iron Ore Royalty Corp.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.66691. At the end of 2022 the company had a P/E ratio of 8.07.
Year | P/E ratio | Change |
---|---|---|
2022 | 8.07 | 27.55% |
2021 | 6.33 | -31.1% |
2020 | 9.19 | 19.39% |
2019 | 7.69 | -36.2% |
2018 | 12.1 | 9.07% |
2017 | 11.1 | -27.55% |
2016 | 15.3 | 36.87% |
2015 | 11.2 | -2.28% |
2014 | 11.4 | -22.62% |
2013 | 14.7 | -33.13% |
2012 | 22.1 | 64.65% |
2011 | 13.4 | 23.67% |
2010 | 10.8 | -41.78% |
2009 | 18.6 | 381.58% |
2008 | 3.86 |
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.