Grand Canyon Education
LOPE
#2968
Rank
$4.03 B
Marketcap
$135.57
Share price
1.15%
Change (1 day)
34.56%
Change (1 year)

P/E ratio for Grand Canyon Education (LOPE)

P/E ratio as of June 2024 (TTM): 21.9

According to Grand Canyon Education's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.8661. 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
202218.429.06%
202114.2-16.2%
202017.0-3.68%
201917.6-11.74%
201820.0-3.56%
201720.714.17%
201618.229.4%
201514.0-26.04%
201419.0-13.86%
201322.047.3%
201214.95.84%
201114.1-40.88%
201023.9-24.6%
200931.7-56.14%
200872.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
51.7 136.50%๐Ÿ‡บ๐Ÿ‡ธ USA
124 465.84%๐Ÿ‡บ๐Ÿ‡ธ 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.