P/E ratio for Heritage Insurance (HRTG)
P/E ratio as of May 2024 (TTM): -21.0
According to Heritage Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -21. At the end of 2022 the company had a P/E ratio of -0.3098.
P/E ratio history for Heritage Insurance from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.3098 | -85.72% |
| 2021 | -2.17 | -107.07% |
| 2020 | 30.7 | 127.04% |
| 2019 | 13.5 | -3.56% |
| 2018 | 14.0 | -106.22% |
| 2017 | -225 | -1738.7% |
| 2016 | 13.7 | 94.66% |
| 2015 | 7.06 | -38.47% |
| 2014 | 11.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 W. R. Berkley WRB | 15.5 | -173.93% | 🇺🇸 USA |
 RLI Corp.
RLI | 22.7 | -207.93% | 🇺🇸 USA |
 Arch Capital ACGL | 12.0 | -157.31% | 🇧🇲 Bermuda |
 Alleghany Y | 49.2 | -334.31% | 🇺🇸 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.