According to Thomson Reuters 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.685. At the end of 2022 the company had a P/E ratio of 38.3.
Year | P/E ratio | Change |
---|---|---|
2022 | 38.3 | 280.04% |
2021 | 10.1 | -71.3% |
2020 | 35.1 | 59.1% |
2019 | 22.1 | 231.96% |
2018 | 6.64 | -66.05% |
2017 | 19.6 | 114.45% |
2016 | 9.12 | -55.94% |
2015 | 20.7 | 38.98% |
2014 | 14.9 | -92.8% |
2013 | 207 | 1868.43% |
2012 | 10.5 | -175.19% |
2011 | -14.0 | -146.71% |
2010 | 29.9 | 7.08% |
2009 | 27.9 | 84.03% |
2008 | 15.2 | 166.12% |
2007 | 5.71 | -72.62% |
2006 | 20.8 | -2.95% |
2005 | 21.5 | 6.39% |
2004 | 20.2 | -14.74% |
2003 | 23.7 | -8.92% |
2002 | 26.0 |
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.