P/E ratio for Mercury NZ (MCY.AX)
P/E ratio at the end of 2022: 16.0
According to Mercury NZ's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.2078. At the end of 2022 the company had a P/E ratio of 16.0.
P/E ratio history for Mercury NZ from 2013 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.0 | -70.87% |
| 2021 | 54.8 | 83.6% |
| 2020 | 29.8 | 92.36% |
| 2019 | 15.5 | -10.07% |
| 2018 | 17.3 | -18.48% |
| 2017 | 21.2 | -6.1% |
| 2016 | 22.5 | -65.69% |
| 2015 | 65.7 | 555.97% |
| 2014 | 10.0 | -48.07% |
| 2013 | 19.3 |
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.