P/E ratio for Marten Transport (MRTN)
P/E ratio as of April 2024 (TTM): 16.1
According to Marten Transport's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.1456. At the end of 2022 the company had a P/E ratio of 14.7.
P/E ratio history for Marten Transport from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.7 | -11.2% |
| 2021 | 16.5 | -18.6% |
| 2020 | 20.3 | 5.64% |
| 2019 | 19.2 | 19.7% |
| 2018 | 16.0 | 24.92% |
| 2017 | 12.8 | -43.46% |
| 2016 | 22.7 | 35.91% |
| 2015 | 16.7 | -31.25% |
| 2014 | 24.3 | 9.47% |
| 2013 | 22.2 | 49.6% |
| 2012 | 14.8 | -8.49% |
| 2011 | 16.2 | -31.02% |
| 2010 | 23.5 | -3.14% |
| 2009 | 24.3 | 6.19% |
| 2008 | 22.8 | 12.99% |
| 2007 | 20.2 | 22.69% |
| 2006 | 16.5 | 4.91% |
| 2005 | 15.7 | -13.97% |
| 2004 | 18.3 | 26.44% |
| 2003 | 14.4 | 8.06% |
| 2002 | 13.4 | 17.2% |
| 2001 | 11.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Werner Enterprises
WERN | 15.0 | -6.84% | 🇺🇸 USA |
 Heartland Express HTLD | 32.3 | 99.94% | 🇺🇸 USA |
 Knight-Swift
KNX | 20.7 | 28.40% | 🇺🇸 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.