TriNet
TNET
#2785
Rank
NZ$7.86 B
Marketcap
$158.29
Share price
0.08%
Change (1 day)
-20.86%
Change (1 year)

P/E ratio for TriNet (TNET)

P/E ratio as of September 2024 (TTM): 16.3

According to TriNet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.2641. At the end of 2022 the company had a P/E ratio of 12.1.

P/E ratio history for TriNet from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202212.1-34.92%
202118.6-7.38%
202020.08.02%
201918.620.79%
201815.4-10.94%
201717.3-40.74%
201629.1-32.29%
201543.0-69.44%
2014141

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
33.0 102.69%๐Ÿ‡บ๐Ÿ‡ธ USA
5.23-67.85%๐Ÿ‡บ๐Ÿ‡ธ USA
17.5 7.63%๐Ÿ‡บ๐Ÿ‡ธ USA
30.6 88.40%๐Ÿ‡บ๐Ÿ‡ธ USA
68.6 321.60%๐Ÿ‡บ๐Ÿ‡ธ USA
72.3 344.57%๐Ÿ‡บ๐Ÿ‡ธ USA
27.9 71.30%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.