P/E ratio for Magnolia Oil & Gas (MGY)
P/E ratio as of April 2024 (TTM): 9.46
According to Magnolia Oil & Gas's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.45788. At the end of 2022 the company had a P/E ratio of 4.97.
P/E ratio history for Magnolia Oil & Gas from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.97 | -37.6% |
| 2021 | 7.96 | -915.37% |
| 2020 | -0.9765 | -102.33% |
| 2019 | 41.9 |
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.