P/E ratio for Mirvac Group (MGR.AX)
P/E ratio at the end of 2021: 11.8
According to Mirvac Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.42724. At the end of 2021 the company had a P/E ratio of 11.8.
P/E ratio history for Mirvac Group from 2001 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.8 | -23.69% |
| 2020 | 15.5 | 36.41% |
| 2019 | 11.4 | 63.41% |
| 2018 | 6.95 | 9.43% |
| 2017 | 6.35 | -5.94% |
| 2016 | 6.75 | -32.54% |
| 2015 | 10.0 | -6.29% |
| 2014 | 10.7 | -63.69% |
| 2013 | 29.4 | 313.69% |
| 2012 | 7.11 | -52.84% |
| 2011 | 15.1 | 6.83% |
| 2010 | 14.1 | -1086.14% |
| 2009 | -1.43 | -111.41% |
| 2008 | 12.5 | 59.23% |
| 2007 | 7.88 | 0.06% |
| 2006 | 7.87 | -34.87% |
| 2005 | 12.1 | 4.31% |
| 2004 | 11.6 | -9.79% |
| 2003 | 12.8 | -15.6% |
| 2002 | 15.2 | 8.61% |
| 2001 | 14.0 |
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.