P/E ratio for Loblaw Companies (L.TO)
P/E ratio as of June 2023 (TTM): 20.9
According to Loblaw Companies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.9328. At the end of 2021 the company had a P/E ratio of 18.9.
P/E ratio history for Loblaw Companies from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 18.9 | -7.76% |
| 2020 | 20.5 | -10.82% |
| 2019 | 23.0 | -24.72% |
| 2018 | 30.5 | 110.41% |
| 2017 | 14.5 | -38.86% |
| 2016 | 23.7 | -32.4% |
| 2015 | 35.1 | -90.19% |
| 2014 | 358 | 2242.66% |
| 2013 | 15.3 | 4.48% |
| 2012 | 14.6 | 28.99% |
| 2011 | 11.3 | -14.5% |
| 2010 | 13.3 | 17.83% |
| 2009 | 11.2 | -20.15% |
| 2008 | 14.1 | -38.66% |
| 2007 | 23.0 | -146.84% |
| 2006 | -49.0 | -394.28% |
| 2005 | 16.7 | 2.17% |
| 2004 | 16.3 | -6.57% |
| 2003 | 17.5 | 6.18% |
| 2002 | 16.4 |
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.