P/E ratio for TMX Group (X.TO)
P/E ratio as of May 2024 (TTM): 26.7
According to TMX Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.6677. At the end of 2022 the company had a P/E ratio of 69.7.
P/E ratio history for TMX Group from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 69.7 | -34.45% |
| 2021 | 106 | -17.03% |
| 2020 | 128 | 0.98% |
| 2019 | 127 | 84.47% |
| 2018 | 68.8 | 30.11% |
| 2017 | 52.9 | -46.76% |
| 2016 | 99.3 | -153.29% |
| 2015 | -186 | -237.04% |
| 2014 | 136 | 22.08% |
| 2013 | 111 | -2020.12% |
| 2012 | -5.80 | -98.62% |
| 2011 | -421 | -828.29% |
| 2010 | 57.7 | -51.19% |
| 2009 | 118 | 131.1% |
| 2008 | 51.2 | -57.53% |
| 2007 | 121 | -0.17% |
| 2006 | 121 | -21.61% |
| 2005 | 154 | 43.46% |
| 2004 | 107 | 13.5% |
| 2003 | 94.6 |
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.