According to Y.D. More Investments's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.4397. At the end of 2023 the company had a P/E ratio of 8.69.
Year | P/E ratio | Change |
---|---|---|
2023 | 8.69 | -45.37% |
2022 | 15.9 | -38.97% |
2021 | 26.1 | -43.67% |
2020 | 46.3 | 275.08% |
2019 | 12.3 | 71.03% |
2018 | 7.21 | -26.59% |
2017 | 9.83 |
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.