P/E ratio for Ingles Markets (IMKTA)
P/E ratio as of January 2023 (TTM): 6.44
According to Ingles Markets's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.43878. At the end of 2021 the company had a P/E ratio of 6.18.
P/E ratio history for Ingles Markets from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 6.18 | 57.88% |
| 2020 | 3.92 | -67.68% |
| 2019 | 12.1 | 67.86% |
| 2018 | 7.22 | -9.64% |
| 2017 | 7.99 | -53.65% |
| 2016 | 17.2 | 12.64% |
| 2015 | 15.3 | 9.77% |
| 2014 | 13.9 | -54.72% |
| 2013 | 30.8 | 242.57% |
| 2012 | 8.99 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kroger KR | 13.8 | 113.78% | 🇺🇸 USA |
 GPA CBD | 5.83 | -9.53% | 🇧🇷 Brazil |
 Weis Markets
WMK | 18.8 | 192.11% | 🇺🇸 USA |
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.