According to REE (Refrigeration Electrical Engineering Corporation)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.4107. At the end of 2023 the company had a P/E ratio of 10.6.
Year | P/E ratio | Change |
---|---|---|
2023 | 10.6 | 12.41% |
2022 | 9.44 | -38.72% |
2021 | 15.4 | 26.59% |
2020 | 12.2 | 32.67% |
2019 | 9.17 | 30.16% |
2018 | 7.04 | -43% |
2017 | 12.4 | 33.4% |
2016 | 9.26 | -11.52% |
2015 | 10.5 | 15.27% |
2014 | 9.08 | -5.41% |
2013 | 9.60 | 15.5% |
2012 | 8.31 | 37.09% |
2011 | 6.07 | -47.91% |
2010 | 11.6 | 13.82% |
2009 | 10.2 | -268.05% |
2008 | -6.09 |
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.