Montrose Environmental
MEG
#5708
Rank
NZ$1.47 B
Marketcap
$43.10
Share price
-2.50%
Change (1 day)
4.49%
Change (1 year)

P/E ratio for Montrose Environmental (MEG)

P/E ratio as of November 2024 (TTM): -13.8

According to Montrose Environmental's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -13.788. At the end of 2022 the company had a P/E ratio of -27.4.

P/E ratio history for Montrose Environmental from 2020 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-27.4-37.82%
2021-44.1617.72%
2020-6.14

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-0.4731-96.57%๐Ÿ‡บ๐Ÿ‡ธ USA
53.2-485.75%๐Ÿ‡บ๐Ÿ‡ธ USA
13.0-194.34%๐Ÿ‡บ๐Ÿ‡ธ USA
25.2-282.53%๐Ÿ‡บ๐Ÿ‡ธ USA
9.51-169.00%๐Ÿ‡บ๐Ÿ‡ธ USA
-39.8 188.50%๐Ÿ‡บ๐Ÿ‡ธ USA
-10.9-20.86%๐Ÿ‡บ๐Ÿ‡ธ USA
2.44-117.72%๐Ÿ‡บ๐Ÿ‡ธ USA
-27.6 100.30%๐Ÿ‡บ๐Ÿ‡ธ USA

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.