P/E ratio for HireQuest (HQI)
P/E ratio as of May 2024 (TTM): 14.8
According to HireQuest's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.8118. At the end of 2022 the company had a P/E ratio of 17.4.
P/E ratio history for HireQuest from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.4 | -24.16% |
| 2021 | 22.9 | -10.34% |
| 2020 | 25.6 | -229.73% |
| 2019 | -19.7 | -198.47% |
| 2018 | 20.0 | 15.25% |
| 2017 | 17.4 | -83.17% |
| 2016 | 103 | 378.33% |
| 2015 | 21.6 | 293.92% |
| 2014 | 5.47 | -38.25% |
| 2013 | 8.86 | -36.54% |
| 2012 | 14.0 | -50.12% |
| 2011 | 28.0 | -387.18% |
| 2010 | -9.75 | 875% |
| 2009 | -1.0000 | 188.24% |
| 2008 | -0.3469 | -77.92% |
| 2007 | -1.57 | -92.53% |
| 2006 | -21.0 | -117.33% |
| 2005 | 121 | -715.01% |
| 2004 | -19.7 | -122.34% |
| 2003 | 88.3 |
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.