P/E ratio for Modern Times Group (MTG) (MTG-B.ST)
P/E ratio as of April 2024 (TTM): -51.3
According to Modern Times Group (MTG) 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -51.3269. At the end of 2022 the company had a P/E ratio of 1.54.
P/E ratio history for Modern Times Group (MTG) from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 1.54 | -106.83% |
| 2021 | -22.5 | -47.88% |
| 2020 | -43.2 | -7384.35% |
| 2019 | 0.5936 | -92.05% |
| 2018 | 7.46 | 2.06% |
| 2017 | 7.31 | -121.68% |
| 2016 | -33.7 | -226.08% |
| 2015 | 26.7 | 362.86% |
| 2014 | 5.78 | -28.47% |
| 2013 | 8.08 | 102.8% |
| 2012 | 3.98 | -161.73% |
| 2011 | -6.45 | -294.77% |
| 2010 | 3.31 | -172.36% |
| 2009 | -4.58 |
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.