P/E ratio for McGrath RentCorp (MGRC)
P/E ratio as of April 2024 (TTM): 14.8
According to McGrath RentCorp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.8351. At the end of 2022 the company had a P/E ratio of 20.9.
P/E ratio history for McGrath RentCorp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.9 | -3.56% |
| 2021 | 21.7 | 36.42% |
| 2020 | 15.9 | -17.11% |
| 2019 | 19.2 | 22.6% |
| 2018 | 15.6 | 113.49% |
| 2017 | 7.33 | -69.89% |
| 2016 | 24.3 | 55.58% |
| 2015 | 15.6 | -22.77% |
| 2014 | 20.3 | -12.95% |
| 2013 | 23.3 | 43.17% |
| 2012 | 16.3 | 14.4% |
| 2011 | 14.2 | -17.08% |
| 2010 | 17.1 | 7.3% |
| 2009 | 16.0 | 30.85% |
| 2008 | 12.2 | -20.37% |
| 2007 | 15.3 | -16.93% |
| 2006 | 18.5 | 8.85% |
| 2005 | 17.0 | -3.6% |
| 2004 | 17.6 | 21.32% |
| 2003 | 14.5 | -36.14% |
| 2002 | 22.7 | 31.87% |
| 2001 | 17.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 United Rentals
URI | 18.3 | 23.27% | 🇺🇸 USA |
 Rent-A-Center
RCII | 112 | 652.16% | 🇺🇸 USA |
 H&E Equipment Services HEES | 12.6 | -15.35% | 🇺🇸 USA |
 Aaron's AAN | 23.6 | 58.95% | 🇺🇸 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.