P/E ratio for Maaden (1211.SR)
P/E ratio as of April 2024 (TTM): 51.9
According to Maaden's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 51.9456. At the end of 2022 the company had a P/E ratio of 26.4.
P/E ratio history for Maaden from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.4 | -4.51% |
| 2021 | 27.6 | -107.28% |
| 2020 | -380 | 242.06% |
| 2019 | -111 | -335.66% |
| 2018 | 47.1 | -60.82% |
| 2017 | 120 | -102.05% |
| 2016 | < -1000 | -6244.07% |
| 2015 | 95.7 | 188.62% |
| 2014 | 33.2 | 27.61% |
| 2013 | 26.0 | -36.39% |
| 2012 | 40.8 |
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.