P/E ratio for Iren (IRE.MI)
P/E ratio as of May 2024 (TTM): 10.4
According to Iren's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.4337. At the end of 2022 the company had a P/E ratio of 8.33.
P/E ratio history for Iren from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.33 | -25.81% |
| 2021 | 11.2 | -2.1% |
| 2020 | 11.5 | -24.48% |
| 2019 | 15.2 | 35.5% |
| 2018 | 11.2 | -13.55% |
| 2017 | 13.0 | 26.85% |
| 2016 | 10.2 | -33.89% |
| 2015 | 15.5 | 14.81% |
| 2014 | 13.5 | -22.38% |
| 2013 | 17.4 | 351.38% |
| 2012 | 3.84 | -152.77% |
| 2011 | -7.29 | -201.67% |
| 2010 | 7.17 |
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.