Ramelius Resources
RMS.AX
#4757
Rank
$1.56 B
Marketcap
$1.35
Share price
1.96%
Change (1 day)
35.49%
Change (1 year)

P/E ratio for Ramelius Resources (RMS.AX)

P/E ratio at the end of 2023: 27.6

According to Ramelius Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.4583. At the end of 2023 the company had a P/E ratio of 27.6.

P/E ratio history for Ramelius Resources from 2003 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202327.6-69.49%
202290.5510.97%
202114.8-16.41%
202017.7-35.39%
201927.4104.36%
201813.4-24.02%
201717.778.51%
20169.89120.08%
20154.49-1359.07%
2014-0.3569-63.51%
2013-0.9782-101.51%
201264.91126.73%
20115.29-31.02%
20107.67-69.68%
200925.3-88.37%
2008217726.09%
200726.3-264.01%
2006-16.1-18.35%
2005-19.7284.67%
2004-5.11-89.33%
2003-47.9

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.