P/E ratio for Meliá Hotels International (MEL.MC)
P/E ratio as of April 2024 (TTM): 11.1
According to Meliá Hotels International's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.1211. At the end of 2022 the company had a P/E ratio of 9.10.
P/E ratio history for Meliá Hotels International from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.10 | -232.9% |
| 2021 | -6.85 | 224.52% |
| 2020 | -2.11 | -113.46% |
| 2019 | 15.7 | 26.17% |
| 2018 | 12.4 | -41.19% |
| 2017 | 21.1 | -8.07% |
| 2016 | 23.0 | -65.58% |
| 2015 | 66.8 | 27.48% |
| 2014 | 52.4 | -339.58% |
| 2013 | -21.9 | -179.29% |
| 2012 | 27.6 | 64.57% |
| 2011 | 16.8 | -29.71% |
| 2010 | 23.8 |
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.