According to PennyMac's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.3212. At the end of 2022 the company had a P/E ratio of 6.42.
Year | P/E ratio | Change |
---|---|---|
2022 | 6.42 | 42.9% |
2021 | 4.49 | 51.37% |
2020 | 2.97 | -56.25% |
2019 | 6.78 | -15.8% |
2018 | 8.05 | 56.02% |
2017 | 5.16 | -7.31% |
2016 | 5.57 | -21.33% |
2015 | 7.08 | -29.22% |
2014 | 10.00 | 231.42% |
2013 | 3.02 |
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.