According to Great Lakes Dredge & Dock Corp.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -17.7656. At the end of 2022 the company had a P/E ratio of -11.7.
Year | P/E ratio | Change |
---|---|---|
2022 | -11.7 | -156.4% |
2021 | 20.7 | 60.2% |
2020 | 12.9 | -11.11% |
2019 | 14.5 | -121.94% |
2018 | -66.2 | 562% |
2017 | -10.0 | -69.05% |
2016 | -32.3 | -22.62% |
2015 | -41.8 | -187.8% |
2014 | 47.6 | -255.07% |
2013 | -30.7 | -86.26% |
2012 | -223 | -1264.43% |
2011 | 19.2 | 53.48% |
2010 | 12.5 | -40.24% |
2009 | 20.9 | -54.67% |
2008 | 46.1 | -25.97% |
2007 | 62.3 | -969.1% |
2006 | -7.17 |
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.