P/E ratio for Premier Financial (PFC)
P/E ratio as of May 2024 (TTM): 6.29
According to Premier Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.29141. At the end of 2022 the company had a P/E ratio of 9.43.
P/E ratio history for Premier Financial from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.43 | 3.42% |
| 2021 | 9.12 | -36.97% |
| 2020 | 14.5 | 14.38% |
| 2019 | 12.6 | 16.87% |
| 2018 | 10.8 | -33.16% |
| 2017 | 16.2 | 2.11% |
| 2016 | 15.9 | 20.03% |
| 2015 | 13.2 | -3.43% |
| 2014 | 13.7 | 20.09% |
| 2013 | 11.4 | 6.25% |
| 2012 | 10.7 | 4.34% |
| 2011 | 10.3 | -35.24% |
| 2010 | 15.9 | -10.06% |
| 2009 | 17.6 | 114.52% |
| 2008 | 8.22 | -26.8% |
| 2007 | 11.2 | -17.92% |
| 2006 | 13.7 | -12.08% |
| 2005 | 15.6 | -4.48% |
| 2004 | 16.3 | 25.86% |
| 2003 | 13.0 | 62.39% |
| 2002 | 7.97 | 10.18% |
| 2001 | 7.24 |
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.