P/E ratio for Metro (MRU.TO)
P/E ratio as of April 2024 (TTM): 16.6
According to Metro's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.6299. At the end of 2022 the company had a P/E ratio of 20.5.
P/E ratio history for Metro from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.5 | 4.65% |
| 2021 | 19.6 | 12.3% |
| 2020 | 17.5 | -12.93% |
| 2019 | 20.1 | 2.18% |
| 2018 | 19.6 | 274.32% |
| 2017 | 5.25 | -68.38% |
| 2016 | 16.6 | -7.47% |
| 2015 | 17.9 | 3.42% |
| 2014 | 17.3 | 91.59% |
| 2013 | 9.05 | -27.82% |
| 2012 | 12.5 | -8.96% |
| 2011 | 13.8 | 11.85% |
| 2010 | 12.3 | 6.45% |
| 2009 | 11.6 | -14.95% |
| 2008 | 13.6 | 24.93% |
| 2007 | 10.9 | -27.68% |
| 2006 | 15.1 | -10.16% |
| 2005 | 16.8 | 23.67% |
| 2004 | 13.6 | 3.95% |
| 2003 | 13.0 | 9.43% |
| 2002 | 11.9 | -14.17% |
| 2001 | 13.9 |
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.