Mainfreight
MFT.NZ
#3000
Rank
C$5.88 B
Marketcap
$58.49
Share price
-1.98%
Change (1 day)
20.39%
Change (1 year)

P/E ratio for Mainfreight (MFT.NZ)

P/E ratio at the end of 2023: 15.9

According to Mainfreight's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.79. At the end of 2023 the company had a P/E ratio of 15.9.

P/E ratio history for Mainfreight from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202315.9-22.24%
202220.4-34.36%
202131.147.98%
202021.0-9.56%
201923.222.49%
201818.90.3%
201718.921.61%
201615.54.27%
201514.948.33%
201410.0-17.01%
201312.141.21%
20128.57-68.09%
201126.987.91%
201014.318.69%
200912.0176.17%
20084.36-58.26%
200710.4-29.95%
200614.9-3.51%
200515.5-38.63%
200425.2148.48%
200310.1-38.11%
200216.4-49.06%
200132.1

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.