P/E ratio for Tanzanian Gold Corporation (TRX)
P/E ratio as of April 2024 (TTM): -48.9
According to Tanzanian Gold Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -48.879. At the end of 2022 the company had a P/E ratio of -24.0.
P/E ratio history for Tanzanian Gold Corporation from 2005 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -24.0 | 17.07% |
| 2021 | -20.5 | -193.29% |
| 2020 | 22.0 | -450.65% |
| 2019 | -6.27 | -36.3% |
| 2018 | -9.84 | -26.52% |
| 2017 | -13.4 | 13% |
| 2016 | -11.8 | 90.11% |
| 2015 | -6.23 | -95.55% |
| 2014 | -140 | 14.01% |
| 2013 | -123 | 166.57% |
| 2012 | -46.1 | -9.5% |
| 2011 | -50.9 | -67.03% |
| 2010 | -155 | 114.98% |
| 2009 | -71.9 | -37.11% |
| 2008 | -114 | 8.78% |
| 2007 | -105 | -36.98% |
| 2006 | -167 | 168.44% |
| 2005 | -62.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Golden Star Resources
GSS | N/A | N/A | 🇨🇦 Canada |
 Almaden Minerals
AAU | -2.33 | -95.24% | 🇨🇦 Canada |
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.