P/E ratio for Diamondrock Hospitality Company (DRH)
P/E ratio as of April 2024 (TTM): 22.7
According to Diamondrock Hospitality Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.7. At the end of 2022 the company had a P/E ratio of 17.1.
P/E ratio history for Diamondrock Hospitality Company from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.1 | -272.22% |
| 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 | |
| 2011 | -193 | -3.6% |
| 2010 | -200 | 159.74% |
| 2009 | -77.0 | -950.49% |
| 2008 | 9.05 | -57.09% |
| 2007 | 21.1 | -41.43% |
| 2006 | 36.0 | -199.39% |
| 2005 | -36.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Franklin Street Properties FSP | 25.0 | 10.13% | 🇺🇸 USA |
 EastGroup Properties EGP | 39.4 | 73.69% | 🇺🇸 USA |
 Equity LifeStyle Properties ELS | 38.4 | 69.38% | 🇺🇸 USA |
 Washington Real Estate Investment Trust
WRE | -45.1 | -298.46% | 🇺🇸 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.