Do You Know What Fortescue Metals Group Limited's (ASX:FMG) P/E Ratio Means? [Yahoo! Finance News]
FORTESCUE METAL GRP S/ADR (FSUGY)
NASDAQ:AMEX Investor Relations:
fmgl.com.au/investors
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Source: Yahoo! Finance News
Do You Know What Fortescue Metals Group Limited's (ASX:FMG) P/E Ratio Means? This article is for investors who would like to improve their understanding of price to earnings ratios P/E ratios). We'll look at Fortescue Metals Group Limited's ASX:FMG Fortescue Metals Group has a P/E ratio of 6.37 See our latest analysis for Fortescue Metals Group How Do I Calculate Fortescue Metals Group's Price To Earnings Ratio? The formula for price to earnings Price to Earnings Ratio = Price per Share in the reporting currency) ÷ Earnings per Share EPS) Or for Fortescue Metals Group: P/E of 6.37 = A$6.57 Note: this is the share price in the reporting currency, namely, USD ) Is A High P/E Ratio Good? A higher P/E ratio means that buyers have to pay a higher price Does Fortescue Metals Group Have A Relatively High Or Low P/E For Its Industry? The P/E ratio essentially measures market expectations of a company. The image below shows that Fortescue Metals Group has a lower P/E than the average 13.0) P/
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