Hovnanian Enterprises
HOV
#5496
Rank
$0.33 B
Marketcap
$50.96
Share price
-2.38%
Change (1 day)
-49.39%
Change (1 year)

P/E ratio for Hovnanian Enterprises (HOV)

P/E ratio as of August 2022 (TTM): 2.01

According to Hovnanian Enterprises 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.00769. At the end of 2021 the company had a P/E ratio of 1.44.

P/E ratio history for Hovnanian Enterprises from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20211.44-67.62%
20204.45-252.12%
2019-2.93-104.3%
201868.0-4669.13%
2017-1.49-98.19%
2016-82.2399.5%
2015-16.5-912.77%
20142.02-93.58%
201331.5-320.67%
2012-14.32737.44%
2011-0.5035

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.