P/E ratio for Turquoise Hill Resources (TRQ)
P/E ratio as of April 2024 (TTM): 14.4
According to Turquoise Hill Resources 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.4083. At the end of 2021 the company had a P/E ratio of 6.25.
P/E ratio history for Turquoise Hill Resources from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 6.25 | -0.07% |
| 2020 | 6.26 | -705.84% |
| 2019 | -1.03 | -225.96% |
| 2018 | 0.8200 | -78.48% |
| 2017 | 3.81 | 17.99% |
| 2016 | 3.23 | 104.27% |
| 2015 | 1.58 | -89.49% |
| 2014 | 15.1 | -516.77% |
| 2013 | -3.61 | 110.43% |
| 2012 | -1.72 | -19.8% |
| 2011 | -2.14 | -61.52% |
| 2010 | -5.56 | 173.37% |
| 2009 | -2.03 | 285.91% |
| 2008 | -0.5271 | -41.92% |
| 2007 | -0.9075 | -45.59% |
| 2006 | -1.67 | -32.8% |
| 2005 | -2.48 | 8.98% |
| 2004 | -2.28 | -11.36% |
| 2003 | -2.57 | 93.71% |
| 2002 | -1.33 | 557.52% |
| 2001 | -0.2017 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Rio Tinto RIO | N/A | N/A | 🇬🇧 UK |
 Eldorado Gold
EGO | 52.5 | 264.37% | 🇨🇦 Canada |
 Gold Fields
GFI | N/A | N/A | 🇿🇦 South Africa |
 Barrick Gold GOLD | -427 | -3,066.17% | 🇨🇦 Canada |
 AngloGold Ashanti
AU | 29.4 | 103.85% | 🇿🇦 South Africa |
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.