Reason: Taken private by Pacific Equity Partners Pty Limited (‘PEP’)
Source: https://www.pep.com.au/press/pep-funds-to-take-sg-fleet-group-ltd-private/
P/E ratio for SG Fleet Group (SGF.AX)
P/E ratio at the end of 2023: 10.0
According to SG Fleet Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.5364. At the end of 2023 the company had a P/E ratio of 10.0.
P/E ratio history for SG Fleet Group from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 10.0 | -12.21% |
| 2022 | 11.4 | -29.45% |
| 2021 | 16.2 | 47.25% |
| 2020 | 11.0 | -10.2% |
| 2019 | 12.3 | -1.53% |
| 2018 | 12.4 | -9.02% |
| 2017 | 13.7 | -18.39% |
| 2016 | 16.8 | 30.99% |
| 2015 | 12.8 | -7.85% |
| 2014 | 13.9 |
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.