Global Medical REIT
GMRE
#5015
Rank
$0.78 B
Marketcap
$11.30
Share price
-1.91%
Change (1 day)
-32.21%
Change (1 year)

P/E ratio for Global Medical REIT (GMRE)

P/E ratio as of February 2023 (TTM): 45.2

According to Global Medical REIT 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 45.16. At the end of 2021 the company had a P/E ratio of 93.4.

P/E ratio history for Global Medical REIT from 2016 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202193.4-218.39%
2020-78.9-159.64%
2019132
2017-48.21889.98%
2016-2.42

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.