According to Element Fleet Management 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.2624. At the end of 2022 the company had a P/E ratio of 19.2.
Year | P/E ratio | Change |
---|---|---|
2022 | 19.2 | 13.4% |
2021 | 16.9 | -27.8% |
2020 | 23.5 | -74.6% |
2019 | 92.4 | -929.21% |
2018 | -11.1 | -134.02% |
2017 | 32.8 | 157.65% |
2016 | 12.7 | -62.69% |
2015 | 34.1 | -51.79% |
2014 | 70.7 | -110.1% |
2013 | -700 | 727.5% |
2012 | -84.6 |
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.