P/E ratio for Mainfreight (MFT.NZ)
P/E ratio at the end of 2023: 14.7
According to Mainfreight's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.1042. At the end of 2023 the company had a P/E ratio of 14.7.
P/E ratio history for Mainfreight from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 14.7 | -22.24% |
| 2022 | 19.0 | -34.36% |
| 2021 | 28.9 | 47.98% |
| 2020 | 19.5 | -9.56% |
| 2019 | 21.6 | 22.49% |
| 2018 | 17.6 | 0.3% |
| 2017 | 17.6 | 21.61% |
| 2016 | 14.4 | 4.27% |
| 2015 | 13.9 | 48.33% |
| 2014 | 9.34 | -17.01% |
| 2013 | 11.3 | 41.21% |
| 2012 | 7.97 | -68.09% |
| 2011 | 25.0 | 87.91% |
| 2010 | 13.3 | 18.69% |
| 2009 | 11.2 | 176.17% |
| 2008 | 4.05 | -58.26% |
| 2007 | 9.71 | -29.95% |
| 2006 | 13.9 | -3.51% |
| 2005 | 14.4 | -38.63% |
| 2004 | 23.4 | 148.48% |
| 2003 | 9.42 | -38.11% |
| 2002 | 15.2 | -49.06% |
| 2001 | 29.9 |
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.