P/E ratio for Magna International (MGA)
P/E ratio as of April 2024 (TTM): 15.1
According to Magna International's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.1391. At the end of 2022 the company had a P/E ratio of 27.6.
P/E ratio history for Magna International from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 27.6 | 72.19% |
| 2021 | 16.0 | -43.13% |
| 2020 | 28.2 | 183.41% |
| 2019 | 9.95 | 45.41% |
| 2018 | 6.84 | -28.86% |
| 2017 | 9.62 | 15.28% |
| 2016 | 8.35 | 1.65% |
| 2015 | 8.21 | -33.3% |
| 2014 | 12.3 | 2.9% |
| 2013 | 12.0 | 47.31% |
| 2012 | 8.12 | 3.85% |
| 2011 | 7.82 | -34.59% |
| 2010 | 12.0 | -204.23% |
| 2009 | -11.5 | -121.84% |
| 2008 | 52.5 | 288.45% |
| 2007 | 13.5 | -18.44% |
| 2006 | 16.6 | 38.39% |
| 2005 | 12.0 | 1.12% |
| 2004 | 11.8 | -33.57% |
| 2003 | 17.8 | 84.48% |
| 2002 | 9.66 | 0.04% |
| 2001 | 9.66 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BorgWarner BWA | 10.9 | -28.25% | 🇺🇸 USA |
 Johnson Controls
JCI | 21.5 | 42.02% | 🇮🇪 Ireland |
 Ford F | 8.41 | -44.45% | 🇺🇸 USA |
 Visteon VC | 20.3 | 33.96% | 🇺🇸 USA |
 American Axle & Manufacturing AXL | 20.4 | 34.50% | 🇺🇸 USA |
 Lear Corporation
LEA | 14.2 | -6.20% | 🇺🇸 USA |
 Dana DAN | -17.4 | -214.68% | 🇺🇸 USA |
 Autoliv ALV | 24.3 | 60.63% | 🇸🇪 Sweden |
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.