P/E ratio for Fortescue (FMG.AX)
P/E ratio at the end of 2022: 9.14
According to Fortescue's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.71797. At the end of 2022 the company had a P/E ratio of 9.14.
P/E ratio history for Fortescue from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.14 | 32.11% |
| 2021 | 6.92 | -46.81% |
| 2020 | 13.0 | 2.89% |
| 2019 | 12.6 | -39.94% |
| 2018 | 21.0 | 108.88% |
| 2017 | 10.1 | -30.68% |
| 2016 | 14.5 | -41.19% |
| 2015 | 24.7 | 369.64% |
| 2014 | 5.26 | -8.71% |
| 2013 | 5.76 | -39.7% |
| 2012 | 9.56 | -45.84% |
| 2011 | 17.6 | -35.07% |
| 2010 | 27.2 | 4.94% |
| 2009 | 25.9 | -423.37% |
| 2008 | -8.01 | -95.47% |
| 2007 | -177 | -89.2% |
| 2006 | < -1000 | 46.96% |
| 2005 | < -1000 | -769.83% |
| 2004 | 166 | -624.7% |
| 2003 | -31.7 | -13.38% |
| 2002 | -36.6 | -242.65% |
| 2001 | 25.6 |
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.