P/E ratio for Freightways (FRW.NZ)
P/E ratio at the end of 2022: 21.4
According to Freightways's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.6282. At the end of 2022 the company had a P/E ratio of 21.4.
P/E ratio history for Freightways from 2004 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.4 | -42.06% |
| 2021 | 37.0 | 63.09% |
| 2020 | 22.7 | 19.22% |
| 2019 | 19.0 | 7.2% |
| 2018 | 17.7 | 8.03% |
| 2017 | 16.4 | -5.87% |
| 2016 | 17.4 | -7.39% |
| 2015 | 18.8 | 47.82% |
| 2014 | 12.7 | -6.42% |
| 2013 | 13.6 | 12.3% |
| 2012 | 12.1 | -0.99% |
| 2011 | 12.2 | -26.08% |
| 2010 | 16.6 | 60.05% |
| 2009 | 10.4 | 9.22% |
| 2008 | 9.48 | -40.28% |
| 2007 | 15.9 | -18.94% |
| 2006 | 19.6 | 24.84% |
| 2005 | 15.7 | -16.98% |
| 2004 | 18.9 |
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.