Mount Gibson Iron
MGX.AX
#7616
Rank
NZ$0.42 B
Marketcap
$0.35
Share price
0.00%
Change (1 day)
-38.99%
Change (1 year)

P/E ratio for Mount Gibson Iron (MGX.AX)

P/E ratio at the end of 2023: 101

According to Mount Gibson Iron's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 74.2826. At the end of 2023 the company had a P/E ratio of 101.

P/E ratio history for Mount Gibson Iron from 2002 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2023101-2907.15%
2022-3.60-124.28%
202114.887.22%
20207.922.82%
20197.7080.02%
20184.28-64.22%
201712.0311.05%
20162.91-1510.6%
2015-0.2061-103.68%
20145.60143.15%
20132.30-33.92%
20123.48-28.9%
20114.90-52.5%
201010.3-36.95%
200916.48.66%
200815.18.39%
200713.915.11%
200612.154.69%
20057.80-299.57%
2004-3.91141.57%
2003-1.62-95.95%
2002-39.9

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.