Nine Entertainment Co. Holdings
NEC.AX
#5139
Rank
$1.23 B
Marketcap
$0.78
Share price
-0.79%
Change (1 day)
-43.84%
Change (1 year)

P/E ratio for Nine Entertainment Co. Holdings (NEC.AX)

P/E ratio at the end of 2023: 16.7

According to Nine Entertainment Co. Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.8127. At the end of 2023 the company had a P/E ratio of 16.7.

P/E ratio history for Nine Entertainment Co. Holdings from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202316.764.87%
202210.1-58.45%
202124.4-792.74%
2020-3.52-135.71%
20199.8512.94%
20188.73-276.23%
2017-4.95-309.03%
20162.37-222.28%
2015-1.94-109.2%
201421.1

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.