P/E ratio for Hanesbrands (HBI)
P/E ratio as of September 2023 (TTM): -3.19
According to Hanesbrands 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.1875. At the end of 2021 the company had a P/E ratio of 76.0.
P/E ratio history for Hanesbrands from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 76.0 | -214.68% |
| 2020 | -66.3 | -840.83% |
| 2019 | 8.95 | 6.38% |
| 2018 | 8.41 | -92.76% |
| 2017 | 116 | 664.75% |
| 2016 | 15.2 | -44.77% |
| 2015 | 27.5 | -0.94% |
| 2014 | 27.8 | 30.79% |
| 2013 | 21.2 | -1.62% |
| 2012 | 21.6 | 169.48% |
| 2011 | 8.01 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Phillips-Van Heusen
PVH | 24.5 | -867.95% | 🇺🇸 USA |
 Ralph Lauren RL | 14.5 | -553.70% | 🇺🇸 USA |
 Gildan GIL | 10.2 | -419.03% | 🇨🇦 Canada |
 Oxford Industries
OXM | 9.07 | -384.47% | 🇺🇸 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.