According to Pacific Basin Shipping's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.49375. At the end of 2022 the company had a P/E ratio of 2.44.
Year | P/E ratio | Change |
---|---|---|
2022 | 2.44 | 16.58% |
2021 | 2.09 | -150.59% |
2020 | -4.13 | -110.58% |
2019 | 39.1 | 236.46% |
2018 | 11.6 | -95.19% |
2017 | 242 | -4050.84% |
2016 | -6.11 | -73.25% |
2015 | -22.9 | 742.06% |
2014 | -2.71 | -100.31% |
2013 | 881 | -12387.11% |
2012 | -7.17 | -129.57% |
2011 | 24.2 | 98.77% |
2010 | 12.2 | 2.04% |
2009 | 12.0 | 537.64% |
2008 | 1.87 | -64.85% |
2007 | 5.33 | -29.51% |
2006 | 7.57 | 89.21% |
2005 | 4.00 | -11% |
2004 | 4.49 |
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.