P/E ratio for Millennium & Copthorne Hotels New Zealand (MCK.NZ)
P/E ratio at the end of 2023: 12.8
According to Millennium & Copthorne Hotels New Zealand's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.6976. At the end of 2023 the company had a P/E ratio of 12.8.
P/E ratio history for Millennium & Copthorne Hotels New Zealand from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 12.8 | 0.36% |
| 2022 | 12.7 | 57.58% |
| 2021 | 8.07 | 22.83% |
| 2020 | 6.57 | 28.86% |
| 2019 | 5.10 | -4.51% |
| 2018 | 5.34 | -36.78% |
| 2017 | 8.45 | 1.94% |
| 2016 | 8.28 | -10.52% |
| 2015 | 9.26 | -11.08% |
| 2014 | 10.4 | 56.21% |
| 2013 | 6.67 | 157.05% |
| 2012 | 2.59 | -48.86% |
| 2011 | 5.07 | -146.22% |
| 2010 | -11.0 | -209.58% |
| 2009 | 10.0 | 9.78% |
| 2008 | 9.12 | 13.9% |
| 2007 | 8.01 | 6.7% |
| 2006 | 7.50 | 13.04% |
| 2005 | 6.64 | -7.96% |
| 2004 | 7.21 | -17.08% |
| 2003 | 8.70 | 43.02% |
| 2002 | 6.08 | -26.23% |
| 2001 | 8.25 |
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.