Reason: Rebranded as TXNM Energy (NYSE: TXNM)
Last recorded trade on: October 4, 2024
Source: https://www.prnewswire.com/news-releases/txnm-energy-nyse-txnm-completes-name-change-from-pnm-resources-302213844.html
P/E ratio for PNM Resources (PNM)
P/E ratio on October 4, 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 |
|---|---|---|
| 2022 | 24.8 | 23.81% |
| 2021 | 20.0 | -10.96% |
| 2020 | 22.5 | -57.02% |
| 2019 | 52.3 | 37.41% |
| 2018 | 38.0 | -5.94% |
| 2017 | 40.5 | 73.36% |
| 2016 | 23.3 | -83.97% |
| 2015 | 146 | 622.21% |
| 2014 | 20.2 | 5.29% |
| 2013 | 19.1 | 23.2% |
| 2012 | 15.5 | 68.76% |
| 2011 | 9.21 | -134.65% |
| 2010 | -26.6 | -385.67% |
| 2009 | 9.30 | -401.74% |
| 2008 | -3.08 | -114.08% |
| 2007 | 21.9 | 21.05% |
| 2006 | 18.1 | -26.17% |
| 2005 | 24.5 | 38.48% |
| 2004 | 17.7 | 50.1% |
| 2003 | 11.8 | -19.87% |
| 2002 | 14.7 | 100.77% |
| 2001 | 7.32 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 21.8 | -6.74% | 🇺🇸 USA |
 | 21.6 | -7.28% | 🇺🇸 USA |
 | 17.9 | -23.24% | 🇺🇸 USA |
 | 17.4 | -25.64% | 🇺🇸 USA |
 | 22.2 | -4.83% | 🇺🇸 USA |
 | 18.8 | -19.50% | 🇺🇸 USA |
 | 19.2 | -17.56% | 🇺🇸 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.