PNM Resources
PNM
#3207
Rank
NZ$6.27 B
Marketcap
$69.53
Share price
-1.04%
Change (1 day)
-2.47%
Change (1 year)

P/E ratio for PNM Resources (PNM)

P/E ratio on November 8, 2024 (TTM): 23.3

According to PNM Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.3352. At the end of 2022 the company had a P/E ratio of 24.8.

P/E ratio history for PNM Resources from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202224.823.81%
202120.0-10.96%
202022.5-57.02%
201952.337.41%
201838.0-5.94%
201740.573.36%
201623.3-83.97%
2015146622.21%
201420.25.29%
201319.123.2%
201215.568.76%
20119.21-134.65%
2010-26.6-385.67%
20099.30-401.74%
2008-3.08-114.08%
200721.921.05%
200618.1-26.17%
200524.538.48%
200417.750.1%
200311.8-19.87%
200214.7100.77%
20017.32

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
20.9-10.22%๐Ÿ‡บ๐Ÿ‡ธ USA
20.7-11.24%๐Ÿ‡บ๐Ÿ‡ธ USA
25.3 8.40%๐Ÿ‡บ๐Ÿ‡ธ USA
19.8-15.36%๐Ÿ‡บ๐Ÿ‡ธ USA
21.2-9.18%๐Ÿ‡บ๐Ÿ‡ธ USA
22.3-4.24%๐Ÿ‡บ๐Ÿ‡ธ USA
17.7-23.96%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.