P/E ratio for Martinrea International (MRE.TO)
P/E ratio as of May 2024 (TTM): 4.53
According to Martinrea International's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.52573. At the end of 2022 the company had a P/E ratio of 6.82.
P/E ratio history for Martinrea International from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.82 | -73.3% |
| 2021 | 25.6 | -160.19% |
| 2020 | -42.5 | -752.73% |
| 2019 | 6.50 | 28.77% |
| 2018 | 5.05 | -42.06% |
| 2017 | 8.72 | 9.55% |
| 2016 | 7.96 | -5.36% |
| 2015 | 8.41 | -31.08% |
| 2014 | 12.2 | -67.15% |
| 2013 | 37.1 | 115.67% |
| 2012 | 17.2 | 54.88% |
| 2011 | 11.1 | -22.63% |
| 2010 | 14.4 | -156.12% |
| 2009 | -25.6 | 4012.83% |
| 2008 | -0.6226 | -104.64% |
| 2007 | 13.4 | -28.91% |
| 2006 | 18.9 | 4.62% |
| 2005 | 18.1 | -25.39% |
| 2004 | 24.2 | 6.88% |
| 2003 | 22.6 | -118.33% |
| 2002 | -124 | 2206.22% |
| 2001 | -5.36 |
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.