P/E ratio for MEG Energy (MEG.TO)
P/E ratio as of April 2024 (TTM): 16.8
According to MEG Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.8417. At the end of 2022 the company had a P/E ratio of 6.35.
P/E ratio history for MEG Energy from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.35 | -50.64% |
| 2021 | 12.9 | -440.93% |
| 2020 | -3.77 | -89.28% |
| 2019 | -35.2 | 82.57% |
| 2018 | -19.3 | -313.75% |
| 2017 | 9.02 | -285.63% |
| 2016 | -4.86 | 215.58% |
| 2015 | -1.54 | -96.38% |
| 2014 | -42.5 | 4.13% |
| 2013 | -40.8 | -136.2% |
| 2012 | 113 | -10.5% |
| 2011 | 126 | -25.23% |
| 2010 | 168 |
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.