European Residential REIT
ERE-UN.TO
#7819
Rank
HK$1.91 B
Marketcap
HK$20.77
Share price
1.32%
Change (1 day)
37.09%
Change (1 year)

P/E ratio for European Residential REIT (ERE-UN.TO)

P/E ratio as of December 2024 (TTM): 12.4

According to European Residential REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.419. At the end of 2023 the company had a P/E ratio of -5.26.

P/E ratio history for European Residential REIT from 2018 to 2024

PE ratio at the end of each year

Year P/E ratio Change
2023-5.26-187.19%
20226.03-44.09%
202110.832.8%
20208.13-120.64%
2019-39.4-667.32%
20186.94

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.