P/E ratio for Toro Energy (TOE.AX)
P/E ratio at the end of 2022: -5.65
According to Toro Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2022 the company had a P/E ratio of -5.65.
P/E ratio history for Toro Energy from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -5.65 | -34.55% |
| 2021 | -8.64 | 1886.36% |
| 2020 | -0.4348 | -97.61% |
| 2019 | -18.2 | 46.85% |
| 2018 | -12.4 | 775.51% |
| 2017 | -1.41 | -4.55% |
| 2016 | -1.48 | -71.49% |
| 2015 | -5.20 | -46.24% |
| 2014 | -9.67 | -16.05% |
| 2013 | -11.5 | 82.89% |
| 2012 | -6.30 | 105.31% |
| 2011 | -3.07 | -11.94% |
| 2010 | -3.48 | 146.42% |
| 2009 | -1.41 | -92.79% |
| 2008 | -19.6 | -75.86% |
| 2007 | -81.2 | -23.26% |
| 2006 | -106 |
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.