P/E ratio for Mirvac Group (MGR.AX)
P/E ratio at the end of 2022: 8.78
According to Mirvac Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2022 the company had a P/E ratio of 8.78.
P/E ratio history for Mirvac Group from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.78 | -31.12% |
| 2021 | 12.8 | -16.56% |
| 2020 | 15.3 | 33.47% |
| 2019 | 11.4 | 55.12% |
| 2018 | 7.38 | 5.35% |
| 2017 | 7.01 | -3.23% |
| 2016 | 7.24 | -34.32% |
| 2015 | 11.0 | -23.65% |
| 2014 | 14.4 | -62.54% |
| 2013 | 38.5 | 268.84% |
| 2012 | 10.5 | -54.84% |
| 2011 | 23.1 | 35.77% |
| 2010 | 17.0 | -1129.11% |
| 2009 | -1.66 | -109.6% |
| 2008 | 17.2 | 77.49% |
| 2007 | 9.72 | 15.78% |
| 2006 | 8.39 | -30.57% |
| 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.