P/E ratio for PennantPark Floating Rate (PFLT)
P/E ratio as of April 2024 (TTM): -95.2
According to PennantPark Floating Rate 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -95.1667. At the end of 2022 the company had a P/E ratio of -34.3.
P/E ratio history for PennantPark Floating Rate from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -34.3 | -411.69% |
| 2021 | 11.0 | -8% |
| 2020 | 12.0 | -57.76% |
| 2019 | 28.3 | 130.13% |
| 2018 | 12.3 | -16.57% |
| 2017 | 14.8 | 57.88% |
| 2016 | 9.34 | -32.72% |
| 2015 | 13.9 | 2.17% |
| 2014 | 13.6 | 43.56% |
| 2013 | 9.47 | 16.31% |
| 2012 | 8.14 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Oxford Square Capital
OXSQ | -7.60 | -92.02% | 🇺🇸 USA |
 Oxford Lane Capital OXLC | N/A | N/A | 🇺🇸 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.