P/E ratio for Dream Industrial REIT (DIR-UN.TO)
P/E ratio as of April 2024 (TTM): 22.7
According to Dream Industrial REIT 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.7273. At the end of 2022 the company had a P/E ratio of 4.40.
P/E ratio history for Dream Industrial REIT from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.40 | -28.6% |
| 2021 | 6.16 | -44.48% |
| 2020 | 11.1 | 11.24% |
| 2019 | 9.98 | 73.96% |
| 2018 | 5.74 | -64.89% |
| 2017 | 16.3 | -106.77% |
| 2016 | -242 | -1657.34% |
| 2015 | 15.5 | 71.12% |
| 2014 | 9.06 |
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.