P/E ratio for Apple Hospitality REIT (APLE)
P/E ratio as of May 2024 (TTM): 21.0
According to Apple Hospitality REIT 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.9571. At the end of 2022 the company had a P/E ratio of 24.7.
P/E ratio history for Apple Hospitality REIT from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.7 | -87.79% |
| 2021 | 202 | -1304.06% |
| 2020 | -16.8 | -179.45% |
| 2019 | 21.1 | 31.71% |
| 2018 | 16.0 | -33.82% |
| 2017 | 24.2 | -6.7% |
| 2016 | 25.9 | -16.14% |
| 2015 | 30.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Office Properties Income Trust OPI | -4.74 | -122.62% | 🇺🇸 USA |
 One Liberty Properties OLP | 17.5 | -16.43% | 🇺🇸 USA |
 Omega Healthcare
OHI | 30.4 | 44.86% | 🇺🇸 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.