P/E ratio for Ramaco Resources (METC)
P/E ratio as of June 2023 (TTM): 3.46
According to Ramaco Resources 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.45796. At the end of 2021 the company had a P/E ratio of 14.9.
P/E ratio history for Ramaco Resources from 2017 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 14.9 | -157.08% |
| 2020 | -26.2 | -553.43% |
| 2019 | 5.77 | -28.84% |
| 2018 | 8.11 | -149.54% |
| 2017 | -16.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 NACCO Industries
NC | 3.36 | -2.74% | 🇺🇸 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.