P/E ratio for Keyera (KEY.TO)
P/E ratio as of April 2024 (TTM): 23.1
According to Keyera's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.0811. At the end of 2022 the company had a P/E ratio of 20.1.
P/E ratio history for Keyera from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.1 | 4.42% |
| 2021 | 19.3 | -76.14% |
| 2020 | 80.8 | 391.55% |
| 2019 | 16.4 | 24.17% |
| 2018 | 13.2 | -42.83% |
| 2017 | 23.2 | -30.19% |
| 2016 | 33.2 | -2.8% |
| 2015 | 34.1 | 17.84% |
| 2014 | 29.0 | -15.31% |
| 2013 | 34.2 | 18.75% |
| 2012 | 28.8 | 10.55% |
| 2011 | 26.0 | 46.69% |
| 2010 | 17.8 | 70.49% |
| 2009 | 10.4 | 56.69% |
| 2008 | 6.65 | -92.06% |
| 2007 | 83.7 | 458.09% |
| 2006 | 15.0 | -29.64% |
| 2005 | 21.3 | 1.25% |
| 2004 | 21.1 |
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.