PennantPark Floating Rate
PFLT
#5423
Rank
$0.45 B
Marketcap
$9.98
Share price
-1.87%
Change (1 day)
-23.99%
Change (1 year)

P/E ratio for PennantPark Floating Rate (PFLT)

P/E ratio as of October 2022 (TTM): 12.3

According to PennantPark Floating Rate 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.321. At the end of 2021 the company had a P/E ratio of 8.82.

P/E ratio history for PennantPark Floating Rate from 2012 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20218.82-51.03%
202018.0-54.57%
201939.6163.13%
201815.124.79%
201712.113.75%
201610.6-28.03%
201514.745.4%
201410.1-6.82%
201310.948.17%
20127.34

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.