P/E ratio for Lundin Gold (LUG.TO)
P/E ratio as of May 2024 (TTM): 29.1
According to Lundin Gold's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.0638. At the end of 2022 the company had a P/E ratio of 30.6.
P/E ratio history for Lundin Gold from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 30.6 | 255.1% |
| 2021 | 8.61 | -122.09% |
| 2020 | -39.0 | 236% |
| 2019 | -11.6 | -33.52% |
| 2018 | -17.4 | 64.71% |
| 2017 | -10.6 | 56.88% |
| 2016 | -6.75 | 10.9% |
| 2015 | -6.09 | -67.45% |
| 2014 | -18.7 | -86.68% |
| 2013 | -140 | 30.91% |
| 2012 | -107 | 266.52% |
| 2011 | -29.3 | 820.63% |
| 2010 | -3.18 | -58.47% |
| 2009 | -7.65 | 494.51% |
| 2008 | -1.29 | -92.86% |
| 2007 | -18.0 | 167.85% |
| 2006 | -6.73 | -39.27% |
| 2005 | -11.1 | -16.72% |
| 2004 | -13.3 | 147.48% |
| 2003 | -5.38 | 469.82% |
| 2002 | -0.9437 |
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.