P/E ratio for Kelt Exploration (KEL.TO)
P/E ratio as of May 2024 (TTM): 9.81
According to Kelt Exploration's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.81317. At the end of 2022 the company had a P/E ratio of 6.04.
P/E ratio history for Kelt Exploration from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.04 | -22.36% |
| 2021 | 7.77 | -847.19% |
| 2020 | -1.04 | -100.64% |
| 2019 | 162 | 39.49% |
| 2018 | 116 | -310.41% |
| 2017 | -55.3 | 136.92% |
| 2016 | -23.3 | 401.03% |
| 2015 | -4.66 | -105.99% |
| 2014 | 77.8 | -157.92% |
| 2013 | -134 |
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.