P/E ratio for Genco Shipping & Trading (GNK)
P/E ratio as of June 2023 (TTM): 4.84
According to Genco Shipping & Trading's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.84164. At the end of 2021 the company had a P/E ratio of 3.70.
P/E ratio history for Genco Shipping & Trading from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.70 | -369.61% |
| 2020 | -1.37 | -82.58% |
| 2019 | -7.87 | 5.69% |
| 2018 | -7.44 | -3.88% |
| 2017 | -7.74 | 3044.9% |
| 2016 | -0.2462 | -51.25% |
| 2015 | -0.5051 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Performance Shipping
PSHG | -0.0150 | -100.31% | 🇬🇷 Greece |
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.