According to Independence Realty Trust 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 70.4038. At the end of 2022 the company had a P/E ratio of 31.8.
Year | P/E ratio | Change |
---|---|---|
2022 | 31.8 | -53.2% |
2021 | 68.0 | -21.09% |
2020 | 86.1 | 205.9% |
2019 | 28.2 | -11.04% |
2018 | 31.7 | 34.9% |
2017 | 23.5 | -87.27% |
2016 | 184 | 1862.94% |
2015 | 9.39 | -81.08% |
2014 | 49.6 | -59% |
2013 | 121 |
Company | P/E ratio | P/E ratio differencediff. | Country |
---|---|---|---|
-53.4 | -175.89% | ๐บ๐ธ USA | |
-70.5 | -200.16% | ๐บ๐ธ USA | |
22.0 | -68.68% | ๐บ๐ธ USA |
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.