P/E ratio for Linamar (LNR.TO)
P/E ratio as of May 2024 (TTM): 8.20
According to Linamar's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.1982. At the end of 2022 the company had a P/E ratio of 9.18.
P/E ratio history for Linamar from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.18 | -21.25% |
| 2021 | 11.7 | -26.02% |
| 2020 | 15.8 | 111.29% |
| 2019 | 7.46 | 49.1% |
| 2018 | 5.00 | -42.56% |
| 2017 | 8.71 | 20.87% |
| 2016 | 7.20 | -35.43% |
| 2015 | 11.2 | -22.18% |
| 2014 | 14.3 | 15.15% |
| 2013 | 12.4 | 20.72% |
| 2012 | 10.3 | 14.9% |
| 2011 | 8.97 | -38.26% |
| 2010 | 14.5 | -176.17% |
| 2009 | -19.1 | -641.52% |
| 2008 | 3.52 | -72.87% |
| 2007 | 13.0 | 30.81% |
| 2006 | 9.93 | 19.45% |
| 2005 | 8.31 | -28.75% |
| 2004 | 11.7 | -42.37% |
| 2003 | 20.2 | 77.29% |
| 2002 | 11.4 | -46.42% |
| 2001 | 21.3 |
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.