P/E ratio for Packaging Corporation of America (PKG)
P/E ratio as of April 2024 (TTM): 20.4
According to Packaging Corporation of America 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.4181. At the end of 2022 the company had a P/E ratio of 11.6.
P/E ratio history for Packaging Corporation of America from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.6 | -24.74% |
| 2021 | 15.4 | -45.74% |
| 2020 | 28.3 | 86.36% |
| 2019 | 15.2 | 42.38% |
| 2018 | 10.7 | -37.23% |
| 2017 | 17.0 | -4.58% |
| 2016 | 17.8 | 26.05% |
| 2015 | 14.1 | -27.73% |
| 2014 | 19.6 | 39.72% |
| 2013 | 14.0 | -38.5% |
| 2012 | 22.8 | 42.5% |
| 2011 | 16.0 | 24.88% |
| 2010 | 12.8 | 45.1% |
| 2009 | 8.82 | -13.54% |
| 2008 | 10.2 | -41.42% |
| 2007 | 17.4 | -4.69% |
| 2006 | 18.3 | -60.21% |
| 2005 | 45.9 | 26.69% |
| 2004 | 36.2 | -123.2% |
| 2003 | -156 | -493.78% |
| 2002 | 39.7 | 116.28% |
| 2001 | 18.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 International Paper
IP | 47.6 | 133.36% | 🇺🇸 USA |
 Glatfelter
GLT | -0.4900 | -102.40% | 🇺🇸 USA |
 Graphic Packaging GPK | 12.3 | -39.97% | 🇺🇸 USA |
 Clearwater Paper CLW | 7.82 | -61.69% | 🇺🇸 USA |
 Rocket Companies
RKT | -67.8 | -432.17% | 🇺🇸 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.