Mainfreight
MFT.NZ
#2918
Rank
$4.19 B
Marketcap
$41.67
Share price
1.01%
Change (1 day)
-5.10%
Change (1 year)

P/E ratio for Mainfreight (MFT.NZ)

P/E ratio at the end of 2023: 15.9

According to Mainfreight's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.6851. At the end of 2023 the company had a P/E ratio of 15.9.

P/E ratio history for Mainfreight from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202315.9-22.24%
202220.5-34.36%
202131.247.98%
202021.1-9.56%
201923.322.49%
201819.00.3%
201719.021.61%
201615.64.27%
201515.048.33%
201410.1-17.01%
201312.241.21%
20128.62-68.09%
201127.087.91%
201014.418.69%
200912.1176.17%
20084.38-58.26%
200710.5-29.95%
200615.0-3.51%
200515.5-38.63%
200425.3148.48%
200310.2-38.11%
200216.5-49.06%
200132.3

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.