Magnetite Mines Limited

Magnetite Mines Limitedverified

MGT.AX

Price:

$0.056

Market Cap:

$7.32M

Magnetite Mines Limited explores for mineral properties in South Australia. Its flagship project is Razorback Iron project that includes the Razorback Ridge, Iron Peak, and Ironback Hill deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015. Magnetite Mines Limited was incorporated in 2004 and is headquartered in Wayville, Australia.

Industry

Industrial Materials

IPO Date

2006-04-05

Stock Exchange

ASX

Ticker

MGT.AX

The PE Ratio as of December 2025 (TTM) for Magnetite Mines Limited (MGT.AX) is -1.40

According to Magnetite Mines Limited’s latest financial reports and current stock price. The company's current PE Ratio is -1.40. This represents a change of -33.98% compared to the average of -2.12 of the last 4 quarters.

Magnetite Mines Limited (MGT.AX) Historical PE Ratio (quarterly & annually)

How has MGT.AX PE Ratio performed in the past?

The mean historical PE Ratio of Magnetite Mines Limited over the last ten years is -1.54. The current -1.40 PE Ratio has changed 8.99% with respect to the historical average. Over the past ten years (40 quarters), MGT.AX's PE Ratio was at its highest in in the January 2012 quarter at 0.04. The PE Ratio was at its lowest in in the December 2019 quarter at -36.91.

Quarterly (TTM)
Annual

Average

-1.54

Median

-0.43

Minimum

-5.46

Maximum

-0.04

Magnetite Mines Limited (MGT.AX) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Magnetite Mines Limited PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.73%

Maximum Annual PE Ratio = -0.04

Minimum Annual Increase = -58.93%

Minimum Annual PE Ratio = -5.46

Quarterly (TTM)
Annual
YearPE RatioChange
2025-2.24-58.93%
2024-5.46-0.04%
2023-5.461.73%
2022-0.30-46.35%
2021-0.56-45.59%
2020-1.02451.03%
2019-0.19244.03%
2018-0.0529.42%
2017-0.04-41.40%
2016-0.071.62%

Magnetite Mines Limited (MGT.AX) Average PE Ratio

How has MGT.AX PE Ratio performed in the past?

The current PE Ratio of Magnetite Mines Limited (MGT.AX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-4.39

5-year avg

-2.81

10-year avg

-1.54

Magnetite Mines Limited (MGT.AX) PE Ratio vs. Peers

How is MGT.AX’s PE Ratio compared to its peers?

Magnetite Mines Limited’s PE Ratio is less than Olympio Metals Limited (-0.83), greater than Juno Minerals Limited (-4.35), greater than Heavy Rare Earths Limited (-2.55), greater than Patriot Resources Limited (-1.87), greater than Western Yilgarn NL (-2.88), greater than Carbine Resources Limited (-4.71), greater than Yari Minerals Limited (-1.44), less than Cosmo Metals Limited (-1.07), less than GreenTech Metals Limited (-0.84), less than Greenwing Resources Ltd (5.88),

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