P/E ratio for Malath Cooperative Insurance Company (8020.SR)
P/E ratio as of June 2024 (TTM): 27.6
According to Malath Cooperative Insurance Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.5643. At the end of 2022 the company had a P/E ratio of -13.7.
P/E ratio history for Malath Cooperative Insurance Company from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -13.7 | 3.19% |
| 2021 | -13.3 | -108.32% |
| 2020 | 160 | 58.1% |
| 2019 | 101 | -58.39% |
| 2018 | 243 | -979.59% |
| 2017 | -27.6 | 1497.1% |
| 2016 | -1.73 | -97.36% |
| 2015 | -65.5 | 1.47% |
| 2014 | -64.6 | 323.6% |
| 2013 | -15.2 | -166.02% |
| 2012 | 23.1 | -45.69% |
| 2011 | 42.5 |
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.