P/E ratio for Toro Energy (TOE.AX)
P/E ratio at the end of 2021: -8.01
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 2021 the company had a P/E ratio of -8.01.
P/E ratio history for Toro Energy from 2006 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -8.01 | 1716.72% |
| 2020 | -0.4409 | -97.56% |
| 2019 | -18.0 | 54.7% |
| 2018 | -11.7 | 809.42% |
| 2017 | -1.28 | -7.22% |
| 2016 | -1.38 | -70.72% |
| 2015 | -4.72 | -34.02% |
| 2014 | -7.15 | -18.62% |
| 2013 | -8.79 | 105.13% |
| 2012 | -4.28 | 114.41% |
| 2011 | -2.00 | -30.71% |
| 2010 | -2.88 | 136.13% |
| 2009 | -1.22 | -91.43% |
| 2008 | -14.3 | -78.34% |
| 2007 | -65.8 | -33.68% |
| 2006 | -99.3 |
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.