P/E ratio for Pact Group (PGH.AX)
P/E ratio at the end of 2023: -33.6
According to Pact Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -58.7482. At the end of 2023 the company had a P/E ratio of -33.6.
P/E ratio history for Pact Group from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -33.6 | -170.48% |
| 2022 | 47.7 | 291.94% |
| 2021 | 12.2 | 66.77% |
| 2020 | 7.29 | -357.46% |
| 2019 | -2.83 | -114.76% |
| 2018 | 19.2 | 14.05% |
| 2017 | 16.8 | -4.96% |
| 2016 | 17.7 | 7.21% |
| 2015 | 16.5 | 152.3% |
| 2014 | 6.55 |
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.