According to Tianqi Lithium's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.31313. At the end of 2022 the company had a P/E ratio of 5.09.
Year | P/E ratio | Change |
---|---|---|
2022 | 5.09 | -93.29% |
2021 | 75.9 | -339.62% |
2020 | -31.7 | 449.86% |
2019 | -5.76 | -145.67% |
2018 | 12.6 | -54.02% |
2017 | 27.4 | 30.42% |
2016 | 21.0 | -85.81% |
2015 | 148 | 97.94% |
2014 | 74.9 | -422.87% |
2013 | -23.2 | -120.16% |
2012 | 115 | 15.21% |
2011 | 99.8 | -13.09% |
2010 | 115 |
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.