P/E ratio for Greenlight Reinsurance (GLRE)
P/E ratio as of April 2024 (TTM): 5.82
According to Greenlight Reinsurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.81818. At the end of 2022 the company had a P/E ratio of 11.2.
P/E ratio history for Greenlight Reinsurance from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.2 | -27.37% |
| 2021 | 15.4 | -68.83% |
| 2020 | 49.3 | -153.65% |
| 2019 | -91.9 | 10125.15% |
| 2018 | -0.8989 | -94.54% |
| 2017 | -16.5 | -186.71% |
| 2016 | 19.0 | -999.73% |
| 2015 | -2.11 | -118.95% |
| 2014 | 11.1 | 102.31% |
| 2013 | 5.51 | -90.22% |
| 2012 | 56.3 | -54.81% |
| 2011 | 125 | 1057.04% |
| 2010 | 10.8 | 163.36% |
| 2009 | 4.09 | -205.75% |
| 2008 | -3.87 | -119.9% |
| 2007 | 19.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Everest Group EG | 6.86 | 17.88% | 🇧🇲 Bermuda |
 Maiden Holdings
MHLD | 11.8 | 102.43% | 🇧🇲 Bermuda |
 RenaissanceRe
RNR | 7.11 | 22.28% | 🇧🇲 Bermuda |
 Alleghany Y | 49.2 | 745.70% | 🇺🇸 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.