Mainstreet Equity
MEQ.TO
#5015
Rank
โ‚น113.87 B
Marketcap
โ‚น12,220
Share price
0.00%
Change (1 day)
43.79%
Change (1 year)

P/E ratio for Mainstreet Equity (MEQ.TO)

P/E ratio as of November 2024 (TTM): 14.8

According to Mainstreet Equity's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.8317. At the end of 2023 the company had a P/E ratio of 11.3.

P/E ratio history for Mainstreet Equity from 2001 to 2024

PE ratio at the end of each year

Year P/E ratio Change
202311.337.22%
20228.2691.09%
20214.32-56.01%
20209.82-0.07%
20199.8370.58%
20185.7659.53%
20173.61-79.64%
201617.7262.78%
20154.89-23.25%
20146.3729.51%
20134.92-16.8%
20125.91170.42%
20112.19-107.13%
2010-30.70.96%
2009-30.4-26.57%
2008-41.444.83%
2007-28.6-4.86%
2006-30.0121.58%
2005-13.6-63.43%
2004-37.1-376.71%
200313.4-65.44%
200238.8-34.2%
200158.9

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.