P/E ratio for Mandalay Resources (MND.TO)
P/E ratio as of March 2025 (TTM): 17.4
According to Mandalay Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.4. At the end of 2023 the company had a P/E ratio of 22.9.
P/E ratio history for Mandalay Resources from 2006 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 22.9 | 96.29% |
| 2022 | 11.7 | 204.01% |
| 2021 | 3.83 | -80.64% |
| 2020 | 19.8 | -533.71% |
| 2019 | -4.57 | 615.22% |
| 2018 | -0.6383 | -78.72% |
| 2017 | -3.00 | -81.25% |
| 2016 | -16.0 | -198.46% |
| 2015 | 16.3 | -4.41% |
| 2014 | 17.0 | 98.7% |
| 2013 | 8.56 | 4.15% |
| 2012 | 8.21 | -12.88% |
| 2011 | 9.43 | -140.99% |
| 2010 | -23.0 | 858.33% |
| 2009 | -2.40 | 294.41% |
| 2008 | -0.6085 | -82.44% |
| 2007 | -3.47 | -56.27% |
| 2006 | -7.93 |
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.