McGrath RentCorp
MGRC
#3471
Rank
$2.41 B
Marketcap
$99.02
Share price
0.92%
Change (1 day)
26.62%
Change (1 year)

P/E ratio for McGrath RentCorp (MGRC)

P/E ratio as of December 2022 (TTM): 23.2

According to McGrath RentCorp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.2441. At the end of 2021 the company had a P/E ratio of 21.7.

P/E ratio history for McGrath RentCorp from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202121.736.42%
202015.9-17.11%
201919.222.6%
201815.6113.49%
20177.33-69.89%
201624.355.58%
201515.6
201323.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
13.1-43.84%๐Ÿ‡บ๐Ÿ‡ธ USA
63.5 173.25%๐Ÿ‡บ๐Ÿ‡ธ USA
11.6-50.24%๐Ÿ‡บ๐Ÿ‡ธ USA
23.1-0.81%๐Ÿ‡บ๐Ÿ‡ธ 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.