P/E ratio for Eagle Bulk Shipping (EGLE)
P/E ratio as of March 2023 (TTM): 2.39
According to Eagle Bulk Shipping's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.39392. At the end of 2021 the company had a P/E ratio of 3.14.
P/E ratio history for Eagle Bulk Shipping from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.14 | -155.95% |
| 2020 | -5.60 | -65.19% |
| 2019 | -16.1 | -163.13% |
| 2018 | 25.5 | -464.36% |
| 2017 | -7.00 | 3999.49% |
| 2016 | -0.1708 | |
| 2014 | -0.1272 | |
| 2012 | -0.2392 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Seanergy Maritime SHIP | 3.28 | 36.87% | 🇬🇷 Greece |
 Diana Shipping DSX | 2.53 | 5.55% | 🇬🇷 Greece |
 Navios Maritime Holdings NM | 0.3374 | -85.90% | 🇲🇨 Monaco |
 Whole Earth Brands FREE | 94.2 | 3,833.58% | 🇺🇸 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.