P/E ratio for Laramide Resources (LAM.TO)
P/E ratio as of April 2024 (TTM): -55.2
According to Laramide Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -55.2351. At the end of 2022 the company had a P/E ratio of -158.
P/E ratio history for Laramide Resources from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -158 | 1011.44% |
| 2021 | -14.2 | 19.99% |
| 2020 | -11.8 | -54.39% |
| 2019 | -25.9 | 111.88% |
| 2018 | -12.2 | -6.75% |
| 2017 | -13.1 | -37.39% |
| 2016 | -21.0 | 381.44% |
| 2015 | -4.36 | 61.48% |
| 2014 | -2.70 | -27.61% |
| 2013 | -3.73 | -77.27% |
| 2012 | -16.4 | 36.67% |
| 2011 | -12.0 | -95.39% |
| 2010 | -260 | 3666.93% |
| 2009 | -6.91 | -36.51% |
| 2008 | -10.9 | -103.43% |
| 2007 | 317 | -401.9% |
| 2006 | -105 | -16.87% |
| 2005 | -126 | -104.67% |
| 2004 | > 1000 | 1814.59% |
| 2003 | 141 | 11397.43% |
| 2002 | 1.23 | -1942.38% |
| 2001 | -0.0667 |
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.