Meg Energy Corp Stock Price To Earning
| MEG Stock | CAD 31.31 1.22 3.75% |
MEG Energy Corp fundamentals help investors to digest information that contributes to MEG Energy's financial success or failures. It also enables traders to predict the movement of MEG Stock. The fundamental analysis module provides a way to measure MEG Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to MEG Energy stock.
MEG | Price To Earning |
MEG Energy Corp Company Price To Earning Analysis
MEG Energy's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current MEG Energy Price To Earning | 26.68 X |
Most of MEG Energy's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, MEG Energy Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
MEG Price To Earning Driver Correlations
Understanding the fundamental principles of building solid financial models for MEG Energy is extremely important. It helps to project a fair market value of MEG Stock properly, considering its historical fundamentals such as Price To Earning. Since MEG Energy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of MEG Energy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of MEG Energy's interrelated accounts and indicators.
Click cells to compare fundamentals
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
MEG Retained Earnings
Based on the latest financial disclosure, MEG Energy Corp has a Price To Earning of 26.68 times. This is 22.49% lower than that of the Oil, Gas & Consumable Fuels sector and 44.29% higher than that of the Energy industry. The price to earning for all Canada stocks is 7.1% higher than that of the company.
MEG Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses MEG Energy's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of MEG Energy could also be used in its relative valuation, which is a method of valuing MEG Energy by comparing valuation metrics of similar companies.MEG Energy is currently under evaluation in price to earning category among related companies.
MEG Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0794 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.13 % | ||||
| Current Valuation | 10.06 B | ||||
| Shares Outstanding | 272.6 M | ||||
| Shares Owned By Insiders | 0.32 % | ||||
| Shares Owned By Institutions | 43.81 % | ||||
| Number Of Shares Shorted | 4.83 M | ||||
| Price To Earning | 26.68 X | ||||
| Price To Book | 1.89 X | ||||
| Price To Sales | 1.52 X | ||||
| Revenue | 6.11 B | ||||
| Gross Profit | 3.13 B | ||||
| EBITDA | 1.48 B | ||||
| Net Income | 569 M | ||||
| Cash Per Share | 0.16 X | ||||
| Total Debt | 1.82 B | ||||
| Debt To Equity | 0.87 % | ||||
| Current Ratio | 1.41 X | ||||
| Book Value Per Share | 16.48 X | ||||
| Cash Flow From Operations | 1.35 B | ||||
| Short Ratio | 2.99 X | ||||
| Earnings Per Share | 1.98 X | ||||
| Price To Earnings To Growth | (0.12) X | ||||
| Target Price | 35.0 | ||||
| Number Of Employees | 449 | ||||
| Beta | 3.13 | ||||
| Market Capitalization | 8.87 B | ||||
| Total Asset | 6.9 B | ||||
| Retained Earnings | (531 M) | ||||
| Working Capital | 278 M | ||||
| Current Asset | 611.33 M | ||||
| Current Liabilities | 248.3 M | ||||
| Net Asset | 6.9 B |
About MEG Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze MEG Energy Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MEG Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MEG Energy Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MEG Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MEG Energy's short interest history, or implied volatility extrapolated from MEG Energy options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEG Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the MEG Energy Corp information on this page should be used as a complementary analysis to other MEG Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for MEG Stock analysis
When running MEG Energy's price analysis, check to measure MEG Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MEG Energy is operating at the current time. Most of MEG Energy's value examination focuses on studying past and present price action to predict the probability of MEG Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEG Energy's price. Additionally, you may evaluate how the addition of MEG Energy to your portfolios can decrease your overall portfolio volatility.
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