According to Fortune REIT 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.8726. At the end of 2024 the company had a P/E ratio of -15.6.
Year | P/E ratio | Change |
---|---|---|
2024 | -15.6 | -75.64% |
2023 | -64.2 | -356.46% |
2022 | 25.0 | 107.4% |
2021 | 12.1 | -367.16% |
2020 | -4.52 | -137.75% |
2019 | 12.0 | 310.26% |
2018 | 2.92 | -49.39% |
2017 | 5.76 | -57.12% |
2016 | 13.4 | 123.6% |
2015 | 6.01 | 62.51% |
2014 | 3.70 | 24.05% |
2013 | 2.98 | -38.12% |
2012 | 4.82 | 154.66% |
2011 | 1.89 | -42.73% |
2010 | 3.30 |
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.