Mirvac Group
MGR.AX
#2119
Rank
$5.84 B
Marketcap
$1.48
Share price
1.85%
Change (1 day)
-28.85%
Change (1 year)

P/E ratio for Mirvac Group (MGR.AX)

P/E ratio at the end of 2021: 10.6

According to Mirvac Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.6016. At the end of 2021 the company had a P/E ratio of 10.6.

P/E ratio history for Mirvac Group from 2001 to 2021

PE ratio at the end of each year

Year P/E ratio Change
202110.6-23.69%
202013.936.41%
201910.263.41%
20186.259.43%
20175.71-5.94%
20166.07-32.54%
20159.00-6.29%
20149.60-63.69%
201326.5313.69%
20126.39-52.84%
201113.66.83%
201012.7-1086.14%
2009-1.29-111.41%
200811.359.23%
20077.080.06%
20067.08-41.44%
200512.14.31%
200411.6-9.79%
200312.8-15.6%
200215.28.61%
200114.0

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.