P/E ratio for Magnit (MGNT.ME)
P/E ratio at the end of 2021: 8.83
According to Magnit 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.3377. At the end of 2021 the company had a P/E ratio of 8.83.
P/E ratio history for Magnit from 2010 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 8.83 | -34% |
| 2020 | 13.4 | -42.29% |
| 2019 | 23.2 | 114.27% |
| 2018 | 10.8 | 2.17% |
| 2017 | 10.6 | -22.82% |
| 2016 | 13.7 | 17.43% |
| 2015 | 11.7 | 45.22% |
| 2014 | 8.04 | -2.93% |
| 2013 | 8.28 | 37.9% |
| 2012 | 6.01 | -5.34% |
| 2011 | 6.35 | -45.25% |
| 2010 | 11.6 |
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.