Choice Properties REIT
CHP-UN.TO
#2141
Rank
$7.33 B
Marketcap
$10.13
Share price
-0.78%
Change (1 day)
7.11%
Change (1 year)

P/E ratio for Choice Properties REIT (CHP-UN.TO)

P/E ratio as of November 2024 (TTM): 8.41

According to Choice Properties REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.41117. At the end of 2022 the company had a P/E ratio of 14.3.

P/E ratio history for Choice Properties REIT from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202214.3-97%
20214792255.14%
202020.3-418.6%
2019-6.38-469.89%
20181.73-44.64%
20173.12-156.82%
2016-5.49-20.14%
2015-6.87-246.04%
20144.71

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.