Magna International
MGA
#1027
Rank
$14.14 B
Marketcap
$48.42
Share price
-4.76%
Change (1 day)
-37.76%
Change (1 year)

P/E ratio for Magna International (MGA)

P/E ratio as of October 2022 (TTM): 21.8

According to Magna International's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.807. At the end of 2021 the company had a P/E ratio of 16.1.

P/E ratio history for Magna International from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202116.1-43.07%
202028.2183.41%
20199.95
20179.5414.31%
20168.351.65%
20158.21-33.3%
201412.32.9%
201312.047.31%
20128.12

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.