P/E ratio for Planet Fitness (PLNT)
P/E ratio as of May 2024 (TTM): 40.4
According to Planet Fitness 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 40.4324. At the end of 2022 the company had a P/E ratio of 66.8.
P/E ratio history for Planet Fitness from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 66.8 | -61.66% |
| 2021 | 174 | -140.39% |
| 2020 | -431 | -920.05% |
| 2019 | 52.6 | 0.04% |
| 2018 | 52.6 | -33.21% |
| 2017 | 78.7 | 84.04% |
| 2016 | 42.8 | 42.07% |
| 2015 | 30.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Planet Fitness
PLNT | 40.4 | 0.00% | 🇺🇸 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.