Reason: Acquired by Stonepeak
Last recorded trade on: May 16, 2024
Source: https://investor.textainer.com/news-releases/news-release-details/textainer-be-acquired-stonepeak-74-billion
P/E ratio for Textainer Group (TGH)
P/E ratio on May 16, 2024 (TTM): 9.06
According to Textainer Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.05616. At the end of 2022 the company had a P/E ratio of 4.99.
P/E ratio history for Textainer Group from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.99 | -23.07% |
| 2021 | 6.48 | -52.02% |
| 2020 | 13.5 | 26.12% |
| 2019 | 10.7 | -5.37% |
| 2018 | 11.3 | -81.58% |
| 2017 | 61.4 | -875.07% |
| 2016 | -7.93 | -206.72% |
| 2015 | 7.43 | -27.73% |
| 2014 | 10.3 | -16.97% |
| 2013 | 12.4 | 58.53% |
| 2012 | 7.81 | 4.01% |
| 2011 | 7.51 | -34.14% |
| 2010 | 11.4 | 28.12% |
| 2009 | 8.89 | 50.2% |
| 2008 | 5.92 | -32.35% |
| 2007 | 8.75 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 9.56 | 5.54% | 🇺🇸 USA |
 | 23.8 | 163.19% | 🇺🇸 USA |
 | 8.46 | -6.58% | 🇮🇪 Ireland |
 | N/A | N/A | 🇮🇪 Ireland |
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.