P/E ratio for Melexis NV (MELE.BR)
P/E ratio as of April 2024 (TTM): 15.4
According to Melexis NV's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.3504. At the end of 2022 the company had a P/E ratio of 16.6.
P/E ratio history for Melexis NV from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.6 | -48.53% |
| 2021 | 32.2 | -30.99% |
| 2020 | 46.7 | 3.83% |
| 2019 | 45.0 | 151.96% |
| 2018 | 17.9 | -41.79% |
| 2017 | 30.7 | 14.72% |
| 2016 | 26.7 | 28.63% |
| 2015 | 20.8 | 16.43% |
| 2014 | 17.9 | 5.54% |
| 2013 | 16.9 | 60.35% |
| 2012 | 10.6 | 7.86% |
| 2011 | 9.78 | -17.99% |
| 2010 | 11.9 | -116.36% |
| 2009 | -72.9 |
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.