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.
Year | P/E ratio | Change |
---|---|---|
2022 | 6.58 | -82.27% |
2021 | 37.1 | 46.3% |
2020 | 25.4 | 1.58% |
2019 | 25.0 | 30.72% |
2018 | 19.1 | -23.83% |
2017 | 25.1 | 40.18% |
2016 | 17.9 | 12.77% |
2015 | 15.9 | -22.65% |
2014 | 20.5 | -6.28% |
2013 | 21.9 | -8.41% |
2012 | 23.9 | -28.33% |
2011 | 33.3 | -19.75% |
2010 | 41.5 | -741.96% |
2009 | -6.47 | -158.82% |
2008 | 11.0 | -78% |
2007 | 50.0 | 412.65% |
2006 | 9.75 | -149.71% |
2005 | -19.6 |
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.