PNM Resources
PNM
#3282
Rank
$3.39 B
Marketcap
$37.64
Share price
0.51%
Change (1 day)
-22.57%
Change (1 year)

P/E ratio for PNM Resources (PNM)

P/E ratio as of March 2024 (TTM): 21.0

According to PNM Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.0279. 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
22.0 4.46%๐Ÿ‡บ๐Ÿ‡ธ USA
16.9-19.55%๐Ÿ‡บ๐Ÿ‡ธ USA
17.8-15.59%๐Ÿ‡บ๐Ÿ‡ธ USA
17.0-19.11%๐Ÿ‡บ๐Ÿ‡ธ USA
18.4-12.52%๐Ÿ‡บ๐Ÿ‡ธ USA
16.9-19.53%๐Ÿ‡บ๐Ÿ‡ธ USA
17.3-17.74%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.