P/E ratio for Talga Group (TLG.AX)
P/E ratio at the end of 2023: -18.5
According to Talga Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.17761. At the end of 2023 the company had a P/E ratio of -18.5.
P/E ratio history for Talga Group from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -18.5 | 43.32% |
| 2022 | -12.9 | -45.97% |
| 2021 | -23.9 | 64.24% |
| 2020 | -14.6 | 38.59% |
| 2019 | -10.5 | -56.56% |
| 2018 | -24.2 | 44.32% |
| 2017 | -16.7 | 85.52% |
| 2016 | -9.03 | -21.03% |
| 2015 | -11.4 | -3.11% |
| 2014 | -11.8 | 1035.95% |
| 2013 | -1.04 | -78.36% |
| 2012 | -4.80 | -26.98% |
| 2011 | -6.57 |
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.