P/E ratio for Nexa Resources (NEXA)
P/E ratio as of April 2024 (TTM): -3.49
According to Nexa Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.49048. At the end of 2022 the company had a P/E ratio of 16.3.
P/E ratio history for Nexa Resources from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.3 | 78.32% |
| 2021 | 9.14 | -500.09% |
| 2020 | -2.28 | -69.13% |
| 2019 | -7.40 | -136.07% |
| 2018 | 20.5 | 14.99% |
| 2017 | 17.8 |
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.