Parkland Corp
PKI.TO
#2784
Rank
$3.76 B
Marketcap
$21.34
Share price
2.36%
Change (1 day)
-17.57%
Change (1 year)

P/E ratio for Parkland Corp (PKI.TO)

P/E ratio as of December 2022 (TTM): 12.0

According to Parkland Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.0029. At the end of 2021 the company had a P/E ratio of 54.4.

P/E ratio history for Parkland Corp from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202154.4-25.95%
202073.5299.79%
201918.4-19.4%
201822.8-40.57%
201738.4-31.82%
201656.38.7%
201551.856.05%
201433.2134.98%
201314.1-5.95%
201215.0-12.48%
201117.1-12.75%
201019.742.49%
200913.894.53%
20087.09-24.55%
20079.4011.58%
20068.42-14.08%
20059.80-85.15%
200466.0476.29%
200311.5
20015.67

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.