P/E ratio for PennyMac Mortgage Investment Trust (PMT)
P/E ratio as of June 2024 (TTM): 11.2
According to PennyMac Mortgage Investment Trust's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.1855. At the end of 2022 the company had a P/E ratio of -9.83.
P/E ratio history for PennyMac Mortgage Investment Trust from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -9.83 | -114.75% |
| 2021 | 66.7 | 21.26% |
| 2020 | 55.0 | 531.31% |
| 2019 | 8.71 | -2.27% |
| 2018 | 8.91 | -14.62% |
| 2017 | 10.4 | -29.88% |
| 2016 | 14.9 | 15.08% |
| 2015 | 12.9 | 60.66% |
| 2014 | 8.05 | 11.14% |
| 2013 | 7.24 | -11.5% |
| 2012 | 8.18 | 16.71% |
| 2011 | 7.01 | -43.59% |
| 2010 | 12.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Retail Opportunity Investments ROIC | 42.4 | 279.19% | 🇺🇸 USA |
 Bluerock Residential
BRG | -29.9 | -367.20% | 🇺🇸 USA |
 Ashford Hospitality Trust AHT | -0.1823 | -101.63% | 🇺🇸 USA |
 Agree Realty
ADC | 35.9 | 220.96% | 🇺🇸 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.