P/E ratio for Logan Ridge Finance (LRFC)
P/E ratio as of April 2024 (TTM): -16.9
According to Logan Ridge Finance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -16.9308. At the end of 2022 the company had a P/E ratio of -5.04.
P/E ratio history for Logan Ridge Finance from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -5.04 | -84.45% |
| 2021 | -32.4 | 2848.16% |
| 2020 | -1.10 | -78.44% |
| 2019 | -5.10 | -29.65% |
| 2018 | -7.24 | -56.23% |
| 2017 | -16.5 | -172.94% |
| 2016 | 22.7 | 85.91% |
| 2015 | 12.2 | -119.12% |
| 2014 | -63.8 |
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.