P/E ratio for Mullen Group (MTL.TO)
P/E ratio as of April 2024 (TTM): 7.57
According to Mullen Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.56787. At the end of 2022 the company had a P/E ratio of 8.56.
P/E ratio history for Mullen Group from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.56 | -44.81% |
| 2021 | 15.5 | -7.53% |
| 2020 | 16.8 | 24.82% |
| 2019 | 13.4 | -147.31% |
| 2018 | -28.4 | -213.65% |
| 2017 | 25.0 | -34.48% |
| 2016 | 38.1 | -59.17% |
| 2015 | 93.4 | 355.82% |
| 2014 | 20.5 | 14.76% |
| 2013 | 17.9 | 34.98% |
| 2012 | 13.2 | 0.98% |
| 2011 | 13.1 | -22.53% |
| 2010 | 16.9 | 16.87% |
| 2009 | 14.5 | 58.75% |
| 2008 | 9.11 | -175.09% |
| 2007 | -12.1 | -145.46% |
| 2006 | 26.7 | 22.74% |
| 2005 | 21.8 | 35.21% |
| 2004 | 16.1 | -11.61% |
| 2003 | 18.2 | -21.73% |
| 2002 | 23.3 | 101.33% |
| 2001 | 11.6 |
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.