P/E ratio for Megacable Holdings (MEGACPO.MX)
P/E ratio as of April 2024 (TTM): 29.7
According to Megacable Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.6852. At the end of 2022 the company had a P/E ratio of 24.8.
P/E ratio history for Megacable Holdings from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.8 | -28.18% |
| 2021 | 34.6 | 20.42% |
| 2020 | 28.7 | -7.31% |
| 2019 | 31.0 | -7.28% |
| 2018 | 33.4 | -11.19% |
| 2017 | 37.6 | 22.11% |
| 2016 | 30.8 | -12.89% |
| 2015 | 35.3 | -14% |
| 2014 | 41.1 | 0.53% |
| 2013 | 40.9 | 42.81% |
| 2012 | 28.6 | -17.7% |
| 2011 | 34.8 | 7.21% |
| 2010 | 32.4 | 35.17% |
| 2009 | 24.0 |
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.