P/E ratio for NovaGold Resources (NG)
P/E ratio as of April 2024 (TTM): -20.4
According to NovaGold Resources 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -20.3571. At the end of 2022 the company had a P/E ratio of -37.4.
P/E ratio history for NovaGold Resources from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -37.4 | -34.62% |
| 2021 | -57.2 | -40.88% |
| 2020 | -96.7 | -2.87% |
| 2019 | -99.6 | 793.54% |
| 2018 | -11.1 | -65.98% |
| 2017 | -32.8 | -21% |
| 2016 | -41.5 | -1.53% |
| 2015 | -42.1 | 71.25% |
| 2014 | -24.6 | 93.57% |
| 2013 | -12.7 | -82.39% |
| 2012 | -72.1 | -270.6% |
| 2011 | 42.3 | -365.28% |
| 2010 | -15.9 | 3.89% |
| 2009 | -15.3 | 1432.38% |
| 2008 | -1.00 | -94.66% |
| 2007 | -18.8 | -69.55% |
| 2006 | -61.6 | -50.54% |
| 2005 | -125 | 101.78% |
| 2004 | -61.7 | 23.84% |
| 2003 | -49.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Hecla Mining
HL | -65.4 | 221.35% | 🇺🇸 USA |
 Seabridge Gold
SA | -76.4 | 275.36% | 🇨🇦 Canada |
 Endeavour Silver EXK | 54.0 | -365.26% | 🇨🇦 Canada |
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.