P/E ratio for InterRent Real Estate Investment Trust (IIP-UN.TO)
P/E ratio as of April 2024 (TTM): -48.8
According to InterRent Real Estate Investment Trust's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -48.7818. At the end of 2022 the company had a P/E ratio of 17.2.
P/E ratio history for InterRent Real Estate Investment Trust from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.2 | 163.32% |
| 2021 | 6.53 | -46.25% |
| 2020 | 12.1 | 150.7% |
| 2019 | 4.85 | -39.17% |
| 2018 | 7.96 | 109.73% |
| 2017 | 3.80 | -72.68% |
| 2016 | 13.9 | 49.07% |
| 2015 | 9.32 | -35.38% |
| 2014 | 14.4 | 43.1% |
| 2013 | 10.1 | 260.99% |
| 2012 | 2.79 | -12.62% |
| 2011 | 3.20 | 154.33% |
| 2010 | 1.26 | -138.18% |
| 2009 | -3.29 | 63.93% |
| 2008 | -2.01 | -82.6% |
| 2007 | -11.5 | |
| 2005 | -1.05 | 501.53% |
| 2004 | -0.1750 | -175.4% |
| 2003 | 0.2321 | -67.03% |
| 2002 | 0.7038 |
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.