P/E ratio for Grand Canyon Education (LOPE)
P/E ratio as of April 2024 (TTM): 20.8
According to Grand Canyon Education's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.7871. At the end of 2022 the company had a P/E ratio of 18.4.
P/E ratio history for Grand Canyon Education from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.4 | 29.06% |
| 2021 | 14.2 | -16.2% |
| 2020 | 17.0 | -3.68% |
| 2019 | 17.6 | -11.74% |
| 2018 | 20.0 | -3.56% |
| 2017 | 20.7 | 14.17% |
| 2016 | 18.2 | 29.4% |
| 2015 | 14.0 | -26.04% |
| 2014 | 19.0 | -13.86% |
| 2013 | 22.0 | 47.3% |
| 2012 | 14.9 | 5.84% |
| 2011 | 14.1 | -40.88% |
| 2010 | 23.9 | -24.6% |
| 2009 | 31.7 | -56.14% |
| 2008 | 72.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Strategic Education
STRA | 48.2 | 131.67% | 🇺🇸 USA |
 Element Solutions ESI | 108 | 420.87% | 🇺🇸 USA |
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.