P/E ratio for Texaf (TEXF.BR)
P/E ratio at the end of 2023: 10.4
According to Texaf's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2023 the company had a P/E ratio of 10.4.
P/E ratio history for Texaf from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 10.4 | -29.58% |
| 2022 | 14.7 | -35.41% |
| 2021 | 22.8 | -24.93% |
| 2020 | 30.4 | 148.38% |
| 2019 | 12.2 | 64.97% |
| 2018 | 7.42 | -68.51% |
| 2017 | 23.6 | 11.15% |
| 2016 | 21.2 | -2.26% |
| 2015 | 21.7 | -5.9% |
| 2014 | 23.0 | 43.65% |
| 2013 | 16.0 | 48.73% |
| 2012 | 10.8 | -63.41% |
| 2011 | 29.5 | 36.13% |
| 2010 | 21.7 | 922.86% |
| 2009 | 2.12 | -69.21% |
| 2008 | 6.88 | -56.63% |
| 2007 | 15.9 |
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.