P/E ratio for PREIT (Pennsylvania Real Estate Investment Trust) (PRET)
P/E ratio as of May 2024 (TTM): -0.0119
According to PREIT (Pennsylvania Real Estate Investment Trust)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0118967. At the end of 2021 the company had a P/E ratio of -0.5011.
P/E ratio history for PREIT (Pennsylvania Real Estate Investment Trust) from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -0.5011 | |
| 2019 | -9.87 | 229.01% |
| 2018 | -3.00 | -77.8% |
| 2017 | -13.5 | -72.21% |
| 2016 | -48.6 | 331.25% |
| 2015 | -11.3 | -78.86% |
| 2014 | -53.3 | -195.51% |
| 2013 | 55.8 | -381.65% |
| 2012 | -19.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Home Depot HD | 20.8 | -175,137.62% | 🇺🇸 USA |
 Burlington Stores BURL | 44.0 | -369,631.05% | 🇺🇸 USA |
 Weis Markets
WMK | 14.4 | -121,530.31% | 🇺🇸 USA |
 Foot Locker
FL | 13.4 | -112,445.44% | 🇺🇸 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.