Packaging Corporation of America
PKG
#1322
Rank
$11.51 B
Marketcap
$128.08
Share price
2.60%
Change (1 day)
-20.37%
Change (1 year)

P/E ratio for Packaging Corporation of America (PKG)

P/E ratio as of June 2023 (TTM): 12.2

According to Packaging Corporation of America 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.233. At the end of 2021 the company had a P/E ratio of 15.4.

P/E ratio history for Packaging Corporation of America from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202115.4-45.74%
202028.386.36%
201915.242.38%
201810.7-37.23%
201717.0-4.58%
201617.826.05%
201514.1-27.73%
201419.639.72%
201314.0-38.5%
201222.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
7.39-39.58%๐Ÿ‡บ๐Ÿ‡ธ USA
-1.46-111.91%๐Ÿ‡บ๐Ÿ‡ธ USA
12.4 1.17%๐Ÿ‡บ๐Ÿ‡ธ USA
9.89-19.16%๐Ÿ‡บ๐Ÿ‡ธ USA
-41.4-438.43%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.