The Eastern Company
EML
#8216
Rank
C$0.23 B
Marketcap
$37.35
Share price
-1.80%
Change (1 day)
44.51%
Change (1 year)

P/E ratio for The Eastern Company (EML)

P/E ratio as of November 2024 (TTM): 23.9

According to The Eastern Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.8929. At the end of 2019 the company had a P/E ratio of 14.3.

P/E ratio history for The Eastern Company from 2001 to 2024

PE ratio at the end of each year

Year P/E ratio Change
201914.357.68%
20189.09-72.19%
201732.792.37%
201617.0-16.85%
201520.4
201314.326.02%
201211.4

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.