P/E ratio for Goodman Property Trust (GMT.NZ)
P/E ratio at the end of 2023: -21.0
According to Goodman Property Trust's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -21.9822. At the end of 2023 the company had a P/E ratio of -21.0.
P/E ratio history for Goodman Property Trust from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -21.0 | -653.79% |
| 2022 | 3.80 | -10.26% |
| 2021 | 4.23 | -61.06% |
| 2020 | 10.9 | 80.04% |
| 2019 | 6.03 | -16.81% |
| 2018 | 7.25 | 16.53% |
| 2017 | 6.22 | 3.83% |
| 2016 | 5.99 | -6.78% |
| 2015 | 6.43 | 8.37% |
| 2014 | 5.93 | -41.57% |
| 2013 | 10.2 | -42.85% |
| 2012 | 17.8 | 1.45% |
| 2011 | 17.5 | -116.92% |
| 2010 | -104 | 939.42% |
| 2009 | -9.96 | -231.65% |
| 2008 | 7.57 | 11.89% |
| 2007 | 6.76 |
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.