Reason: Merged with Safehold
Last recorded trade on: June 2, 2023
Source: https://www.prnewswire.com/news-releases/safehold-and-istar-close-merger-and-complete-spin-off-of-istars-legacy-assets-to-istar-stockholders-301786462.html
P/E ratio for iStar (STAR)
P/E ratio on June 2, 2023 (TTM): 0.1356
According to iStar's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.135644. At the end of 2017 the company had a P/E ratio of 3.35.
P/E ratio history for iStar from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2017 | 3.35 | -62.39% |
| 2016 | 8.91 | |
| 2014 | -10.9 | 208.78% |
| 2013 | -3.52 | 210.22% |
| 2012 | -1.13 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 28.5 | 20,909.19% | 🇺🇸 USA |
 | 11.1 | 8,063.06% | 🇺🇸 USA |
 | -4.27 | -3,250.75% | 🇺🇸 USA |
 | -30.3 | -22,448.80% | 🇺🇸 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.