Magellan Financial Group
MFG.AX
#4959
Rank
$1.16 B
Marketcap
$6.44
Share price
-0.70%
Change (1 day)
11.42%
Change (1 year)

P/E ratio for Magellan Financial Group (MFG.AX)

P/E ratio at the end of 2022: 6.58

According to Magellan Financial Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2022 the company had a P/E ratio of 6.58.

P/E ratio history for Magellan Financial Group from 2005 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20226.58-82.27%
202137.146.3%
202025.41.58%
201925.030.72%
201819.1-23.83%
201725.140.18%
201617.912.77%
201515.9-22.65%
201420.5-6.28%
201321.9-8.41%
201223.9-28.33%
201133.3-19.75%
201041.5-741.96%
2009-6.47-158.82%
200811.0-78%
200750.0412.65%
20069.75-149.71%
2005-19.6

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.