P/E ratio for Choice Properties REIT (CHP-UN.TO)
P/E ratio as of March 2023 (TTM): 6.86
According to Choice Properties REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.85766. At the end of 2021 the company had a P/E ratio of 476.
P/E ratio history for Choice Properties REIT from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 476 | 2234.73% |
| 2020 | 20.4 | -223.55% |
| 2019 | -16.5 | -260.06% |
| 2018 | 10.3 | -24.61% |
| 2017 | 13.7 | -155% |
| 2016 | -24.9 | -19.58% |
| 2015 | -30.9 | -250.69% |
| 2014 | 20.5 | 48.05% |
| 2013 | 13.9 |
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.