P/E ratio for Diamondrock Hospitality Company (DRH)
P/E ratio as of October 2023 (TTM): 20.1
According to Diamondrock Hospitality Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.075. At the end of 2021 the company had a P/E ratio of -9.91.
P/E ratio history for Diamondrock Hospitality Company from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -9.91 | 136.57% |
| 2020 | -4.19 | -134.39% |
| 2019 | 12.2 | -42.34% |
| 2018 | 21.1 | -15.83% |
| 2017 | 25.1 | 24.03% |
| 2016 | 20.2 | -9.86% |
| 2015 | 22.4 | 25.26% |
| 2014 | 17.9 | -61.22% |
| 2013 | 46.2 | -310.47% |
| 2012 | -22.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Franklin Street Properties FSP | 23.1 | 15.19% | 🇺🇸 USA |
 EastGroup Properties EGP | 44.4 | 121.21% | 🇺🇸 USA |
 Equity LifeStyle Properties ELS | 41.6 | 107.42% | 🇺🇸 USA |
 Washington Real Estate Investment Trust
WRE | -45.1 | -324.41% | 🇺🇸 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.