P/E ratio for Granite Real Estate (GRP-UN)
P/E ratio as of May 2024 (TTM): -31.0
According to Granite Real Estate's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -30.9586. At the end of 2022 the company had a P/E ratio of 24.1.
P/E ratio history for Granite Real Estate from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.1 | 366.98% |
| 2021 | 5.16 | -53.05% |
| 2020 | 11.0 | 27.63% |
| 2019 | 8.61 | 71.83% |
| 2018 | 5.01 | -22.94% |
| 2017 | 6.51 | -11.95% |
| 2016 | 7.39 | -15.34% |
| 2015 | 8.73 | -66.8% |
| 2014 | 26.3 | 116.86% |
| 2013 | 12.1 | -0.05% |
| 2012 | 12.1 |
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.