P/E ratio for Marine Products Corporation (MPX)
P/E ratio as of September 2023 (TTM): 9.58
According to Marine Products Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.57931. At the end of 2021 the company had a P/E ratio of 14.5.
P/E ratio history for Marine Products Corporation from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 14.5 | -43.02% |
| 2020 | 25.5 | 45.26% |
| 2019 | 17.6 | -13.8% |
| 2018 | 20.4 | -10.45% |
| 2017 | 22.8 | -27.83% |
| 2016 | 31.5 | 98.32% |
| 2015 | 15.9 | -54.8% |
| 2014 | 35.2 | -26.52% |
| 2013 | 47.9 | 58.97% |
| 2012 | 30.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Malibu Boats MBUU | 9.28 | -3.08% | 🇺🇸 USA |
 Brunswick Corporation BC | 10.3 | 7.47% | 🇺🇸 USA |
 MarineMax HZO | 5.17 | -45.99% | 🇺🇸 USA |
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.