Mineral Resources
MIN.AX
#2958
Rank
โ‚น366.51 B
Marketcap
โ‚น1,865
Share price
-2.51%
Change (1 day)
-46.23%
Change (1 year)

P/E ratio for Mineral Resources (MIN.AX)

P/E ratio at the end of 2022: 38.7

According to Mineral Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.3293. At the end of 2022 the company had a P/E ratio of 38.7.

P/E ratio history for Mineral Resources from 2007 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202238.7278.62%
202110.278.74%
20205.71-76.79%
201924.665.22%
201814.923.22%
201712.1-114.39%
2016-84.0-168.97%
20151221387%
20148.19-9.59%
20139.0637.09%
20126.61-44.17%
201111.8-18.03%
201014.41.63%
200914.2-16.4%
200817.0-27.58%
200723.5

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.