P/E ratio for Ivanhoe Mines (IVN.TO)
P/E ratio as of April 2024 (TTM): 71.0
According to Ivanhoe Mines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 70.9524. At the end of 2022 the company had a P/E ratio of 23.3.
P/E ratio history for Ivanhoe Mines from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.3 | -88.51% |
| 2021 | 202 | -191.7% |
| 2020 | -221 | -279.91% |
| 2019 | 123 | 101.65% |
| 2018 | 60.9 | 297.24% |
| 2017 | 15.3 | -140.51% |
| 2016 | -37.8 | -8097.43% |
| 2015 | 0.4728 | -118.83% |
| 2014 | -2.51 | -1.36% |
| 2013 | -2.55 | -81.82% |
| 2012 | -14.0 |
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.