P/E ratio for Nornickel (GMKN.ME)
P/E ratio at the end of 2021: 7.42
According to Nornickel's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2021 the company had a P/E ratio of 7.42.
P/E ratio history for Nornickel from 2010 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 7.42 | -52.83% |
| 2020 | 15.7 | 80.88% |
| 2019 | 8.69 | -12.5% |
| 2018 | 9.94 | -30.78% |
| 2017 | 14.4 | 35.73% |
| 2016 | 10.6 | -9.31% |
| 2015 | 11.7 | -1.09% |
| 2014 | 11.8 | -65.85% |
| 2013 | 34.5 | 148.92% |
| 2012 | 13.9 | 81.74% |
| 2011 | 7.63 | -40.63% |
| 2010 | 12.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BHP Group BHP | 4.62 | N/A | 🇦🇺 Australia |
 Freeport-McMoRan FCX | 33.5 | N/A | 🇺🇸 USA |
 Vale VALE | 5.85 | N/A | 🇧🇷 Brazil |
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.