Red Elรฉctrica
RED.MC
#1486
Rank
$9.72 B
Marketcap
$18.03
Share price
2.92%
Change (1 day)
-14.79%
Change (1 year)

P/E ratio for Red Elรฉctrica (RED.MC)

P/E ratio as of December 2022 (TTM): 11.8

According to Red Elรฉctrica's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.8009. At the end of 2021 the company had a P/E ratio of 15.1.

P/E ratio history for Red Elรฉctrica from 2012 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202115.12.78%
202014.78.1%
201913.6-9.83%
201815.1-0.11%
201715.1-0.67%
201615.2-12.08%
201517.323.8%
201414.013.28%
201312.318.91%
201210.47.16%
20119.67-20.35%
201012.1-23.4%
200915.8-6.69%
200817.0-27.17%
200723.3
200521.829.48%
200416.8-99.89%
2003> 1000117072.41%
200213.0

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.