P/E ratio for Synlait Milk (SML.NZ)
P/E ratio at the end of 2021: -24.8
According to Synlait Milk's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -16.7631. At the end of 2021 the company had a P/E ratio of -24.8.
P/E ratio history for Synlait Milk from 2013 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -24.8 | -256.31% |
| 2020 | 15.9 | -24.62% |
| 2019 | 21.1 | -13.45% |
| 2018 | 24.3 | 42.35% |
| 2017 | 17.1 | 31.02% |
| 2016 | 13.0 | -59.47% |
| 2015 | 32.2 | 66.6% |
| 2014 | 19.3 | 80.03% |
| 2013 | 10.7 |
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.