P/E ratio for Great Elm Capital (GECC)
P/E ratio as of May 2024 (TTM): 11.8
According to Great Elm Capital 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7816. At the end of 2022 the company had a P/E ratio of -2.89.
P/E ratio history for Great Elm Capital from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -2.89 | -8.79% |
| 2021 | -3.17 | 137.51% |
| 2020 | -1.33 | -86.12% |
| 2019 | -9.61 | 6.64% |
| 2018 | -9.01 | -72.78% |
| 2017 | -33.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Oxford Square Capital
OXSQ | -7.64 | -164.87% | 🇺🇸 USA |
 Oxford Lane Capital OXLC | N/A | N/A | 🇺🇸 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.