Genco Shipping & Trading
GNK
#5241
Rank
$0.94 B
Marketcap
$22.02
Share price
0.73%
Change (1 day)
74.90%
Change (1 year)

P/E ratio for Genco Shipping & Trading (GNK)

P/E ratio as of May 2024 (TTM): 11.2

According to Genco Shipping & Trading's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.2347. At the end of 2022 the company had a P/E ratio of 4.11.

P/E ratio history for Genco Shipping & Trading from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.1111.14%
20213.70-369.61%
2020-1.37-82.58%
2019-7.875.69%
2018-7.44-3.88%
2017-7.743050.14%
2016-0.2458-51.33%
2015-0.5051-80.13%
2014-2.54

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
0.2732-97.57%๐Ÿ‡ฌ๐Ÿ‡ท 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.