P/E ratio for New York Mortgage Trust (NYMT)
P/E ratio as of March 2023 (TTM): -2.55
According to New York Mortgage Trust's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.54722. At the end of 2021 the company had a P/E ratio of 9.79.
P/E ratio history for New York Mortgage Trust from 2004 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Host Hotels & Resorts
HST | 13.9 | -646.67% | 🇺🇸 USA |
 Spirit Realty Capital SRC | 21.0 | -926.31% | 🇺🇸 USA |
 Camden Property Trust
CPT | 13.4 | -627.32% | 🇺🇸 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.