P/E ratio for Piedmont Office Realty Trust (PDM)
P/E ratio as of April 2024 (TTM): 15.2
According to Piedmont Office Realty Trust's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.1856. At the end of 2022 the company had a P/E ratio of 7.69.
P/E ratio history for Piedmont Office Realty Trust from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.69 | -100.33% |
| 2021 | < -1000 | -26426.74% |
| 2020 | 8.76 | -28.24% |
| 2019 | 12.2 | -27.66% |
| 2018 | 16.9 | -21.73% |
| 2017 | 21.6 | -29.08% |
| 2016 | 30.4 | 88.94% |
| 2015 | 16.1 | -76% |
| 2014 | 67.0 | 146.73% |
| 2013 | 27.2 | -17.8% |
| 2012 | 33.0 | 154.07% |
| 2011 | 13.0 | -54.14% |
| 2010 | 28.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ARMOUR Residential REIT ARR | -5.53 | -136.39% | 🇺🇸 USA |
 Diamondrock Hospitality Company DRH | 22.7 | 49.15% | 🇺🇸 USA |
 NNN REIT NNN | 19.0 | 25.30% | 🇺🇸 USA |
 Corporate Office Properties Trust
OFC | -49.5 | -425.86% | 🇺🇸 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.