P/E ratio for Finning (FTT.TO)
P/E ratio as of May 2024 (TTM): 10.9
According to Finning's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.8627. At the end of 2022 the company had a P/E ratio of 10.4.
P/E ratio history for Finning from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.4 | -26.9% |
| 2021 | 14.2 | -25.04% |
| 2020 | 18.9 | 10.57% |
| 2019 | 17.1 | -0.88% |
| 2018 | 17.2 | -30.41% |
| 2017 | 24.8 | -63.24% |
| 2016 | 67.4 | -439.22% |
| 2015 | -19.9 | -244.93% |
| 2014 | 13.7 | -1.52% |
| 2013 | 13.9 | 7.67% |
| 2012 | 12.9 | -11.5% |
| 2011 | 14.6 | -81.66% |
| 2010 | 79.7 | 267.81% |
| 2009 | 21.7 | -13.35% |
| 2008 | 25.0 | 35.21% |
| 2007 | 18.5 | -11.79% |
| 2006 | 21.0 | 4.41% |
| 2005 | 20.1 | -16.81% |
| 2004 | 24.1 | 37.55% |
| 2003 | 17.5 | 18.1% |
| 2002 | 14.9 | 1.75% |
| 2001 | 14.6 |
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.