P/E ratio for Magazine Luíza (MGLU3.SA)
P/E ratio as of April 2024 (TTM): -11.3
According to Magazine Luíza 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -11.2865. At the end of 2022 the company had a P/E ratio of -39.0.
P/E ratio history for Magazine Luíza from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -39.0 | -149.18% |
| 2021 | 79.3 | -80.6% |
| 2020 | 409 | 387.9% |
| 2019 | 83.8 | 277.35% |
| 2018 | 22.2 | -38.99% |
| 2017 | 36.4 | 36.5% |
| 2016 | 26.7 | -538.32% |
| 2015 | -6.09 | -158.42% |
| 2014 | 10.4 | -5.57% |
| 2013 | 11.0 | -105.15% |
| 2012 | -214 | -279.69% |
| 2011 | 119 |
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.