PennantPark Floating Rate
PFLT
#5887
Rank
NZ$1.38 B
Marketcap
$18.89
Share price
0.27%
Change (1 day)
3.62%
Change (1 year)

P/E ratio for PennantPark Floating Rate (PFLT)

P/E ratio as of November 2024 (TTM): -92.3

According to PennantPark Floating Rate 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -92.25. At the end of 2022 the company had a P/E ratio of -34.3.

P/E ratio history for PennantPark Floating Rate from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-34.3-411.69%
202111.0-8%
202012.0-57.76%
201928.3130.13%
201812.3-16.57%
201714.857.88%
20169.34-32.72%
201513.92.17%
201413.643.56%
20139.4716.31%
20128.14

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
-6.24-93.24%๐Ÿ‡บ๐Ÿ‡ธ 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.