Ramelius Resources
RMS.AX
#4671
Rank
$1.64 B
Marketcap
$1.42
Share price
1.89%
Change (1 day)
35.23%
Change (1 year)

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

P/E ratio at the end of 2023: 18.2

According to Ramelius Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.0225. At the end of 2023 the company had a P/E ratio of 18.2.

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

PE ratio at the end of each year

Year P/E ratio Change
202318.2-69.49%
202259.8510.97%
20219.79-16.41%
202011.7-35.39%
201918.1104.36%
20188.87-24.02%
201711.778.51%
20166.54120.08%
20152.97-1359.07%
2014-0.2359-63.51%
2013-0.6464-101.51%
201242.91126.73%
20113.49-31.02%
20105.07-69.68%
200916.7-88.37%
2008144726.09%
200717.4-264.01%
2006-10.6-18.35%
2005-13.0284.67%
2004-3.38-89.33%
2003-31.7

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.