P/E ratio for Hanover Insurance Group (THG)
P/E ratio as of May 2024 (TTM): -55.1
According to Hanover Insurance Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -55.1392. At the end of 2022 the company had a P/E ratio of 41.3.
P/E ratio history for Hanover Insurance Group from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 41.3 | 268.46% |
| 2021 | 11.2 | -7.4% |
| 2020 | 12.1 | -5.27% |
| 2019 | 12.8 | 1.01% |
| 2018 | 12.7 | -48.66% |
| 2017 | 24.7 | -1.66% |
| 2016 | 25.1 | 134.1% |
| 2015 | 10.7 | -3.43% |
| 2014 | 11.1 | 6.66% |
| 2013 | 10.4 | -67.04% |
| 2012 | 31.6 | -26.81% |
| 2011 | 43.1 | 216.23% |
| 2010 | 13.6 | 19.35% |
| 2009 | 11.4 | -89.9% |
| 2008 | 113 | 1109.8% |
| 2007 | 9.35 | -36.6% |
| 2006 | 14.7 | -313.89% |
| 2005 | -6.89 | -149.55% |
| 2004 | 13.9 | -25.87% |
| 2003 | 18.8 | -1175.15% |
| 2002 | -1.75 | -99.77% |
| 2001 | -760 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 W. R. Berkley WRB | 15.8 | -128.60% | 🇺🇸 USA |
 Selective Insurance SIGI | 18.2 | -133.07% | 🇺🇸 USA |
 American Financial Group
AFG | 12.5 | -122.73% | 🇺🇸 USA |
 Markel MKL | 11.3 | -120.44% | 🇺🇸 USA |
 Warrior Met Coal
HCC | 7.55 | -113.70% | 🇺🇸 USA |
 Alleghany Y | 49.2 | -189.24% | 🇺🇸 USA |
 XL Fleet XL | -2.48 | -95.51% | 🇺🇸 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.