P/E ratio for Choice Properties REIT (CHP-UN.TO)
P/E ratio as of November 2023 (TTM): 7.99
According to Choice Properties REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.98616. 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 |
|---|---|---|
| 2022 | 14.3 | -97% |
| 2021 | 479 | 2255.14% |
| 2020 | 20.3 | -418.6% |
| 2019 | -6.38 | -469.89% |
| 2018 | 1.73 | -44.64% |
| 2017 | 3.12 | -156.82% |
| 2016 | -5.49 | -20.14% |
| 2015 | -6.87 | -246.04% |
| 2014 | 4.71 |
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.