P/E ratio for Pinnacle Investment Management Group (PNI.AX)
P/E ratio at the end of 2023: 23.9
According to Pinnacle Investment Management Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 45.3522. At the end of 2023 the company had a P/E ratio of 23.9.
P/E ratio history for Pinnacle Investment Management Group from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 23.9 | 46.69% |
| 2022 | 16.3 | -37.16% |
| 2021 | 25.9 | 39.73% |
| 2020 | 18.5 | -14.41% |
| 2019 | 21.6 | -31.63% |
| 2018 | 31.7 | 15.99% |
| 2017 | 27.3 | -8.9% |
| 2016 | 30.0 | -353.09% |
| 2015 | -11.8 | -233.54% |
| 2014 | 8.87 | -210.73% |
| 2013 | -8.01 | 385.06% |
| 2012 | -1.65 | -78.77% |
| 2011 | -7.78 | -33.49% |
| 2010 | -11.7 | -133.09% |
| 2009 | 35.3 | 377.87% |
| 2008 | 7.39 | -32.62% |
| 2007 | 11.0 |
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.