P/E ratio for Shoprite (SHP.JO)
P/E ratio at the end of 2022: 17.1
According to Shoprite's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.0665. At the end of 2022 the company had a P/E ratio of 17.1.
P/E ratio history for Shoprite from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.1 | 23.46% |
| 2021 | 13.9 | -16.47% |
| 2020 | 16.6 | -14.89% |
| 2019 | 19.5 | 10.62% |
| 2018 | 17.6 | 25% |
| 2017 | 14.1 | -4.42% |
| 2016 | 14.7 | 1.33% |
| 2015 | 14.6 | 14.08% |
| 2014 | 12.8 | -16.72% |
| 2013 | 15.3 | 35% |
| 2012 | 11.3 | 50.86% |
| 2011 | 7.52 | -2.91% |
| 2010 | 7.75 | 37.04% |
| 2009 | 5.65 | 6.03% |
| 2008 | 5.33 | -8.59% |
| 2007 | 5.83 | 6.35% |
| 2006 | 5.48 | 29.85% |
| 2005 | 4.22 | 51.63% |
| 2004 | 2.79 | 6.58% |
| 2003 | 2.61 | -72.35% |
| 2002 | 9.45 |
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.