P/E ratio for Parkland Corp (PKI.TO)
P/E ratio as of June 2024 (TTM): 14.9
According to Parkland Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.9188. At the end of 2022 the company had a P/E ratio of 15.3.
P/E ratio history for Parkland Corp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.3 | -72.25% |
| 2021 | 55.2 | -23.48% |
| 2020 | 72.1 | 293.05% |
| 2019 | 18.3 | -19.52% |
| 2018 | 22.8 | -38.86% |
| 2017 | 37.3 | -35.04% |
| 2016 | 57.4 | 8.46% |
| 2015 | 52.9 | 60.69% |
| 2014 | 32.9 | 133.63% |
| 2013 | 14.1 | -4.66% |
| 2012 | 14.8 | -13.76% |
| 2011 | 17.1 | -20.9% |
| 2010 | 21.7 | 56.93% |
| 2009 | 13.8 | 89.95% |
| 2008 | 7.27 | -21.19% |
| 2007 | 9.23 | 7.6% |
| 2006 | 8.58 | -12.51% |
| 2005 | 9.80 | -85.16% |
| 2004 | 66.1 | 467.62% |
| 2003 | 11.6 | |
| 2001 | 5.69 |
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.