P/E ratio for Mytilineos (MYTIL.AT)
P/E ratio as of May 2024 (TTM): 95.5
According to Mytilineos's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 95.5498. At the end of 2014 the company had a P/E ratio of 8.43.
P/E ratio history for Mytilineos from 2009 to 2015
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2014 | 8.43 | -79.24% |
| 2013 | 40.6 | 61.78% |
| 2012 | 25.1 | 209.13% |
| 2011 | 8.12 | 6.52% |
| 2010 | 7.62 | -81.22% |
| 2009 | 40.6 |
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.