Reason: Merged with Star Bulk
Last recorded trade on: June 11, 2024
Source: https://www.globenewswire.com/news-release/2024/04/09/2859897/0/en/Star-Bulk-Completes-Merger-With-Eagle-Bulk.html
P/E ratio for Eagle Bulk Shipping (EGLE)
P/E ratio on June 11, 2024 (TTM): 6.66
According to Eagle Bulk Shipping's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.65957. At the end of 2022 the company had a P/E ratio of 2.62.
P/E ratio history for Eagle Bulk Shipping from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.62 | -16.57% |
| 2021 | 3.14 | -156.28% |
| 2020 | -5.57 | -63.19% |
| 2019 | -15.1 | -159.35% |
| 2018 | 25.5 | -464.36% |
| 2017 | -7.00 | 3995.9% |
| 2016 | -0.1709 | -80.85% |
| 2015 | -0.8926 | 3577.61% |
| 2014 | -0.0243 | -97.78% |
| 2013 | -1.09 | 356.41% |
| 2012 | -0.2396 | -94.14% |
| 2011 | -4.09 | -135.49% |
| 2010 | 11.5 | 53.53% |
| 2009 | 7.50 | 46.26% |
| 2008 | 5.13 | -76.05% |
| 2007 | 21.4 | 21.01% |
| 2006 | 17.7 | -106.67% |
| 2005 | -265 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 1.30 | -80.52% | 🇲🇨 Monaco |
 | -2.32 | -134.82% | 🇺🇸 USA |
 | 30.6 | 359.62% | 🇬🇷 Greece |
 | 1.73 | -73.95% | 🇬🇷 Greece |
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.