P/E ratio for MM Group (Mayr-Melnhof AG) (MYM.F)
P/E ratio as of April 2024 (TTM): 11.8
According to MM Group (Mayr-Melnhof AG) 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7753. At the end of 2022 the company had a P/E ratio of 8.80.
P/E ratio history for MM Group (Mayr-Melnhof AG) from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.80 | -52.78% |
| 2021 | 18.6 | -9.45% |
| 2020 | 20.6 | 61.6% |
| 2019 | 12.7 | -4.82% |
| 2018 | 13.4 | -16.53% |
| 2017 | 16.0 | 23.94% |
| 2016 | 12.9 | -18.86% |
| 2015 | 15.9 | 21.34% |
| 2014 | 13.1 | -10.44% |
| 2013 | 14.7 | 6.55% |
| 2012 | 13.8 | 24.68% |
| 2011 | 11.0 | -32.48% |
| 2010 | 16.3 | 2.5% |
| 2009 | 15.9 |
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.