Meridian Energy
MEZ.AX
#1794
Rank
NZ$15.37 B
Marketcap
$5.86
Share price
-0.56%
Change (1 day)
20.43%
Change (1 year)

P/E ratio for Meridian Energy (MEZ.AX)

P/E ratio at the end of 2022: 25.7

According to Meridian Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.1004. At the end of 2022 the company had a P/E ratio of 25.7.

P/E ratio history for Meridian Energy from 2014 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202225.7-8.59%
202128.1-58.68%
202068.0106.43%
201932.9-7.72%
201835.73.91%
201734.38.99%
201631.562.49%
201519.440.71%
201413.8

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.