P/E ratio for Premier (PINC)
P/E ratio as of June 2024 (TTM): 12.3
According to Premier's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.2987. At the end of 2022 the company had a P/E ratio of 23.8.
P/E ratio history for Premier from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.8 | 39.87% |
| 2021 | 17.0 | 209.71% |
| 2020 | 5.49 | -37.65% |
| 2019 | 8.81 | -319.58% |
| 2018 | -4.01 | -147.28% |
| 2017 | 8.49 | 410.92% |
| 2016 | 1.66 | -105.23% |
| 2015 | -31.8 | -1848.42% |
| 2014 | 1.82 | -666.85% |
| 2013 | -0.3206 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 McKesson MCK | 22.0 | 79.01% | 🇺🇸 USA |
 InfuSystem INFU | 236 | 1,816.19% | 🇺🇸 USA |
 CorVel Corporation
CRVL | 55.1 | 347.85% | 🇺🇸 USA |
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.