P/E ratio for Kayne Anderson Capital Advisors (KYN)
P/E ratio as of May 2024 (TTM): -6.71
According to Kayne Anderson Capital Advisors's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -6.71039. At the end of 2021 the company had a P/E ratio of 3.03.
P/E ratio history for Kayne Anderson Capital Advisors from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.03 | -409.87% |
| 2020 | -0.9791 | -92.12% |
| 2019 | -12.4 | -277.07% |
| 2018 | 7.02 | -165.8% |
| 2017 | -10.7 |
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.