P/E ratio for Labrador Iron Ore Royalty Corp. (LIF.TO)
P/E ratio as of May 2024 (TTM): 8.84
According to Labrador Iron Ore Royalty Corp.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.84315. At the end of 2022 the company had a P/E ratio of 8.07.
P/E ratio history for Labrador Iron Ore Royalty Corp. from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.07 | 27.55% |
| 2021 | 6.33 | -31.1% |
| 2020 | 9.19 | 19.39% |
| 2019 | 7.69 | -36.2% |
| 2018 | 12.1 | 9.07% |
| 2017 | 11.1 | -27.55% |
| 2016 | 15.3 | 36.87% |
| 2015 | 11.2 | -2.28% |
| 2014 | 11.4 | -22.62% |
| 2013 | 14.7 | -33.13% |
| 2012 | 22.1 | 64.65% |
| 2011 | 13.4 | 23.67% |
| 2010 | 10.8 | -41.78% |
| 2009 | 18.6 | 381.58% |
| 2008 | 3.86 |
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.