P/E ratio for QL Resources (7084.KL)
P/E ratio as of May 2024 (TTM): 38.3
According to QL Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 38.293. At the end of 2023 the company had a P/E ratio of 42.1.
P/E ratio history for QL Resources from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 42.1 | -23.68% |
| 2022 | 55.2 | 18.66% |
| 2021 | 46.5 | -4.11% |
| 2020 | 48.5 | -8.82% |
| 2019 | 53.2 | 25.49% |
| 2018 | 42.4 | 45.43% |
| 2017 | 29.2 | 1.74% |
| 2016 | 28.7 | 12.27% |
| 2015 | 25.5 | 11.71% |
| 2014 | 22.9 | 20.47% |
| 2013 | 19.0 | -6.59% |
| 2012 | 20.3 | 5.18% |
| 2011 | 19.3 | 51.58% |
| 2010 | 12.7 | 42.15% |
| 2009 | 8.96 | -43.39% |
| 2008 | 15.8 | 63.99% |
| 2007 | 9.66 | -11.89% |
| 2006 | 11.0 |
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.