P/E ratio for Pilbara Minerals (PLS.AX)
P/E ratio at the end of 2023: 5.97
According to Pilbara Minerals's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.04744. At the end of 2023 the company had a P/E ratio of 5.97.
P/E ratio history for Pilbara Minerals from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 5.97 | -48.16% |
| 2022 | 11.5 | -118.57% |
| 2021 | -62.0 | 1093.42% |
| 2020 | -5.20 | -84.73% |
| 2019 | -34.0 | -50.65% |
| 2018 | -69.0 | 313.79% |
| 2017 | -16.7 | 101.5% |
| 2016 | -8.27 | -29.18% |
| 2015 | -11.7 | 848.3% |
| 2014 | -1.23 | 117.55% |
| 2013 | -0.5664 | 121.18% |
| 2012 | -0.2561 | -77.91% |
| 2011 | -1.16 | -54.74% |
| 2010 | -2.56 | -82.36% |
| 2009 | -14.5 | 2955.97% |
| 2008 | -0.4751 |
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.