Teck Resources
TECK
#830
Rank
$20.78 B
Marketcap
$39.99
Share price
-0.35%
Change (1 day)
42.62%
Change (1 year)
Teck Resources Ltd. is a Canadian mining company extracting and producing copper, zinc and steelmaking coal.

P/E ratio for Teck Resources (TECK)

P/E ratio as of September 2023 (TTM): 16.3

According to Teck Resources 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.2712. At the end of 2021 the company had a P/E ratio of 6.80.

P/E ratio history for Teck Resources from 2002 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20216.80-145.25%
2020-15.0-134.9%
201943.1729.63%
20185.19-32.62%
20177.71-47.71%
201614.7-1311.64%
2015-1.22-105.03%
201424.248.94%
201316.3-37.86%
201226.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
7.70-52.66%๐Ÿ‡บ๐Ÿ‡ธ USA

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.