Alpine Income Property Trust
PINE
#7588
Rank
A$0.38 B
Marketcap
$25.72
Share price
-0.23%
Change (1 day)
-2.93%
Change (1 year)

P/E ratio for Alpine Income Property Trust (PINE)

P/E ratio as of October 2024 (TTM): 29.7

According to Alpine Income Property Trust's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.7414. At the end of 2022 the company had a P/E ratio of 7.66.

P/E ratio history for Alpine Income Property Trust from 2020 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.66-65.59%
202122.3-81.94%
2020123

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-3.69-112.39%๐Ÿ‡บ๐Ÿ‡ธ USA
20.1-32.54%๐Ÿ‡บ๐Ÿ‡ธ USA
38.3 28.63%๐Ÿ‡บ๐Ÿ‡ธ 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.