P/E ratio for Newtek (NEWT)
P/E ratio as of April 2024 (TTM): 9.89
According to Newtek's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.89091. At the end of 2022 the company had a P/E ratio of 12.1.
P/E ratio history for Newtek from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.1 | 62.39% |
| 2021 | 7.47 | -39.7% |
| 2020 | 12.4 | 15.91% |
| 2019 | 10.7 | 17.01% |
| 2018 | 9.13 | 11.11% |
| 2017 | 8.22 | -2.83% |
| 2016 | 8.46 | 96.08% |
| 2015 | 4.31 | -78.08% |
| 2014 | 19.7 | 32.87% |
| 2013 | 14.8 | 25.82% |
| 2012 | 11.8 | -18.11% |
| 2011 | 14.4 | -58.21% |
| 2010 | 34.4 | -170.2% |
| 2009 | -49.0 | 6581.82% |
| 2008 | -0.7333 | -82.26% |
| 2007 | -4.13 | -81.31% |
| 2006 | -22.1 | -363.5% |
| 2005 | 8.39 | -33.65% |
| 2004 | 12.6 | -32.57% |
| 2003 | 18.8 | 41% |
| 2002 | 13.3 | -78.54% |
| 2001 | 62.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 36.4 | 268.22% | 🇺🇸 USA |
 Intuit INTU | 71.6 | 623.64% | 🇺🇸 USA |
 CBIZ CBZ | 30.5 | 207.87% | 🇺🇸 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.