Piedmont Office Realty Trust
PDM
#5069
Rank
C$1.69 B
Marketcap
$13.67
Share price
1.56%
Change (1 day)
59.48%
Change (1 year)

P/E ratio for Piedmont Office Realty Trust (PDM)

P/E ratio as of September 2024 (TTM): 22.7

According to Piedmont Office Realty Trust's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.7034. At the end of 2022 the company had a P/E ratio of 7.69.

P/E ratio history for Piedmont Office Realty Trust from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.69-100.33%
2021< -1000-26426.74%
20208.76-28.24%
201912.2-27.66%
201816.9-21.73%
201721.6-29.08%
201630.488.94%
201516.1-76%
201467.0146.73%
201327.2-17.8%
201233.0154.07%
201113.0-54.14%
201028.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-49.5-317.96%๐Ÿ‡บ๐Ÿ‡ธ USA
22.8 0.60%๐Ÿ‡บ๐Ÿ‡ธ USA
-6.14-127.03%๐Ÿ‡บ๐Ÿ‡ธ USA
21.2-6.57%๐Ÿ‡บ๐Ÿ‡ธ 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.