P/E ratio for Elme Communities (ELME)
P/E ratio as of April 2024 (TTM): -24.7
According to Elme Communities's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -24.6803. At the end of 2022 the company had a P/E ratio of -50.9.
P/E ratio history for Elme Communities from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -50.9 | -137.38% |
| 2021 | 136 | -219.51% |
| 2020 | -114 | -1953.15% |
| 2019 | 6.14 | -91.45% |
| 2018 | 71.9 | -39.95% |
| 2017 | 120 | 489.49% |
| 2016 | 20.3 | -1.7% |
| 2015 | 20.7 | 23.97% |
| 2014 | 16.7 | -60.06% |
| 2013 | 41.7 | -44.47% |
| 2012 | 75.1 | 334.16% |
| 2011 | 17.3 | -65.94% |
| 2010 | 50.8 | 30.93% |
| 2009 | 38.8 | -20.47% |
| 2008 | 48.8 | 108.16% |
| 2007 | 23.4 | -47.85% |
| 2006 | 44.9 | 175.44% |
| 2005 | 16.3 | -47.74% |
| 2004 | 31.2 | 16.42% |
| 2003 | 26.8 | 39.65% |
| 2002 | 19.2 | 4.8% |
| 2001 | 18.3 |
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.