P/E ratio for New York Mortgage Trust (NYMT)
P/E ratio as of April 2024 (TTM): -3.84
According to New York Mortgage Trust's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.83784. At the end of 2022 the company had a P/E ratio of -2.85.
P/E ratio history for New York Mortgage Trust from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -2.85 | -129.14% |
| 2021 | 9.79 | -365.3% |
| 2020 | -3.69 | -138.5% |
| 2019 | 9.58 | 5.77% |
| 2018 | 9.06 | -0.13% |
| 2017 | 9.07 | -31.26% |
| 2016 | 13.2 | 53.55% |
| 2015 | 8.60 | 63.91% |
| 2014 | 5.24 | -16.71% |
| 2013 | 6.30 | 24.55% |
| 2012 | 5.06 | -64.94% |
| 2011 | 14.4 | 49.17% |
| 2010 | 9.67 | 68.06% |
| 2009 | 5.75 | -1268.7% |
| 2008 | -0.4922 | 395.54% |
| 2007 | -0.0993 | -97.3% |
| 2006 | -3.68 | -83.31% |
| 2005 | -22.1 | -275.35% |
| 2004 | 12.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Host Hotels & Resorts
HST | 18.1 | -570.72% | 🇺🇸 USA |
 Spirit Realty Capital SRC | 24.2 | -729.97% | 🇺🇸 USA |
 Camden Property Trust
CPT | 47.3 | -1,332.50% | 🇺🇸 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.