P/E ratio for Pangaea Logistics Solutions (PANL)
P/E ratio as of April 2024 (TTM): 7.60
According to Pangaea Logistics Solutions's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.6044. At the end of 2022 the company had a P/E ratio of 2.89.
P/E ratio history for Pangaea Logistics Solutions from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.89 | 16.34% |
| 2021 | 2.49 | -77.56% |
| 2020 | 11.1 | 1.41% |
| 2019 | 10.9 | 55.05% |
| 2018 | 7.05 | -63.62% |
| 2017 | 19.4 | 17.17% |
| 2016 | 16.5 | 94.1% |
| 2015 | 8.52 | -300.65% |
| 2014 | -4.24 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Caribbean RCL | 38.4 | 404.96% | 🇺🇸 USA |
 Seanergy Maritime SHIP | 41.1 | 440.31% | 🇬🇷 Greece |
 Matson MATX | 12.5 | 64.90% | 🇺🇸 USA |
 Tsakos Energy Navigation TNP | 2.10 | -72.38% | 🇬🇷 Greece |
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.