P/E ratio for IGO Limited (IGO.AX)
P/E ratio at the end of 2023: 18.8
According to IGO Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.72615. At the end of 2023 the company had a P/E ratio of 18.8.
P/E ratio history for IGO Limited from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 18.8 | -6.4% |
| 2022 | 20.1 | 173.38% |
| 2021 | 7.34 | -53.16% |
| 2020 | 15.7 | -50.25% |
| 2019 | 31.5 | -32.13% |
| 2018 | 46.4 | -46.6% |
| 2017 | 86.9 | -550.44% |
| 2016 | -19.3 | -289.32% |
| 2015 | 10.2 | -27.18% |
| 2014 | 14.0 | -26.96% |
| 2013 | 19.2 | -1336.27% |
| 2012 | -1.55 | -101.95% |
| 2011 | 79.4 | 506.11% |
| 2010 | 13.1 | -44.61% |
| 2009 | 23.6 | 235.47% |
| 2008 | 7.05 | 32.75% |
| 2007 | 5.31 | -20.37% |
| 2006 | 6.66 | 42.27% |
| 2005 | 4.68 | 22.22% |
| 2004 | 3.83 | -74.04% |
| 2003 | 14.8 | -247.84% |
| 2002 | -9.99 |
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.