P/E ratio for Kinross Gold (KGC)
P/E ratio as of April 2024 (TTM): 40.7
According to Kinross Gold 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 40.6875. At the end of 2022 the company had a P/E ratio of -8.70.
P/E ratio history for Kinross Gold from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -8.70 | -125.46% |
| 2021 | 34.2 | 402.87% |
| 2020 | 6.80 | -18.27% |
| 2019 | 8.32 | -102.92% |
| 2018 | -285 | -2542.35% |
| 2017 | 11.7 | -129.28% |
| 2016 | -39.9 | 1806.15% |
| 2015 | -2.09 | -24.74% |
| 2014 | -2.78 | 108.17% |
| 2013 | -1.34 | -69.78% |
| 2012 | -4.42 | -29.08% |
| 2011 | -6.23 | -129.57% |
| 2010 | 21.1 | -48.48% |
| 2009 | 40.9 | -384.14% |
| 2008 | -14.4 | -148.49% |
| 2007 | 29.7 | 17.41% |
| 2006 | 25.3 | -273.27% |
| 2005 | -14.6 | |
| 2003 | -5.92 | -39.56% |
| 2002 | -9.80 | 83.21% |
| 2001 | -5.35 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 NovaGold Resources
NG | -21.9 | -153.90% | 🇨🇦 Canada |
 New Gold NGD | -19.9 | -149.02% | 🇨🇦 Canada |
 Hecla Mining
HL | -65.9 | -262.01% | 🇺🇸 USA |
 Seabridge Gold
SA | -76.1 | -287.06% | 🇨🇦 Canada |
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.