P/E ratio for Herc Holdings (HRI)
P/E ratio as of April 2024 (TTM): 12.2
According to Herc Holdings 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.2478. At the end of 2022 the company had a P/E ratio of 11.8.
P/E ratio history for Herc Holdings from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.8 | -42.79% |
| 2021 | 20.7 | -21.21% |
| 2020 | 26.2 | -10.97% |
| 2019 | 29.5 | 174.51% |
| 2018 | 10.7 | -3.08% |
| 2017 | 11.1 | -119.67% |
| 2016 | -56.3 | -618.79% |
| 2015 | 10.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 United Rentals
URI | 18.3 | 49.31% | 🇺🇸 USA |
 Ranger Energy Services RNGR | 9.00 | -26.52% | 🇺🇸 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.