P/E ratio for Growthpoint Properties (GRT.JO)
P/E ratio at the end of 2021: -82.0
According to Growthpoint Properties's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -70.2602. At the end of 2021 the company had a P/E ratio of -82.0.
P/E ratio history for Growthpoint Properties from 2009 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -82.0 | 1219.83% |
| 2020 | -6.22 | -166.2% |
| 2019 | 9.39 | -0.9% |
| 2018 | 9.48 | 34.03% |
| 2017 | 7.07 | -39.74% |
| 2016 | 11.7 | 83.93% |
| 2015 | 6.38 | 13.91% |
| 2014 | 5.60 | -119.56% |
| 2013 | -28.6 | 36.04% |
| 2012 | -21.0 | -42.11% |
| 2011 | -36.4 | -130.73% |
| 2010 | 118 | -197.67% |
| 2009 | -121 |
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.