P/E ratio for FirstService (FSV)
P/E ratio as of May 2024 (TTM): 50.8
According to FirstService's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 50.7643. At the end of 2022 the company had a P/E ratio of 44.9.
P/E ratio history for FirstService from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 44.9 | -29.4% |
| 2021 | 63.6 | -5.16% |
| 2020 | 67.0 | -588.53% |
| 2019 | -13.7 | -136.87% |
| 2018 | 37.2 | -22.82% |
| 2017 | 48.2 | -5.55% |
| 2016 | 51.1 | -24.23% |
| 2015 | 67.4 |
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.