According to QL Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 38.8343. At the end of 2023 the company had a P/E ratio of 42.1.
Year | P/E ratio | Change |
---|---|---|
2023 | 42.1 | -23.68% |
2022 | 55.2 | 18.66% |
2021 | 46.5 | -4.11% |
2020 | 48.5 | -8.82% |
2019 | 53.2 | 25.49% |
2018 | 42.4 | 45.43% |
2017 | 29.2 | 1.74% |
2016 | 28.7 | 12.27% |
2015 | 25.5 | 11.71% |
2014 | 22.9 | 20.47% |
2013 | 19.0 | -6.59% |
2012 | 20.3 | 5.18% |
2011 | 19.3 | 51.58% |
2010 | 12.7 | 42.15% |
2009 | 8.96 | -43.39% |
2008 | 15.8 | 63.99% |
2007 | 9.66 | -11.89% |
2006 | 11.0 |
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.