Pangaea Logistics Solutions
PANL
#7354
Rank
HK$2.42 B
Marketcap
HK$51.60
Share price
0.00%
Change (1 day)
9.26%
Change (1 year)

P/E ratio for Pangaea Logistics Solutions (PANL)

P/E ratio as of November 2024 (TTM): 7.30

According to Pangaea Logistics Solutions's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.2967. At the end of 2022 the company had a P/E ratio of 2.89.

P/E ratio history for Pangaea Logistics Solutions from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20222.8916.34%
20212.49-77.56%
202011.11.41%
201910.955.05%
20187.05-63.62%
201719.417.17%
201616.594.1%
20158.52-300.65%
2014-4.24

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
41.8 472.62%๐Ÿ‡ฌ๐Ÿ‡ท Greece
18.4 152.76%๐Ÿ‡บ๐Ÿ‡ธ USA
61.6 744.19%๐Ÿ‡บ๐Ÿ‡ธ USA
2.43-66.75%๐Ÿ‡ฌ๐Ÿ‡ท Greece

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.