P/E ratio for Principal (PFG)
P/E ratio as of April 2024 (TTM): 12.1
According to Principal's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.0935. At the end of 2022 the company had a P/E ratio of 4.33.
P/E ratio history for Principal from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.33 | -61.98% |
| 2021 | 11.4 | 16.64% |
| 2020 | 9.77 | -11.4% |
| 2019 | 11.0 | 34.75% |
| 2018 | 8.18 | -7.26% |
| 2017 | 8.82 | -30.79% |
| 2016 | 12.7 | 16.69% |
| 2015 | 10.9 | -21.31% |
| 2014 | 13.9 | |
| 2012 | 11.0 | -14.18% |
| 2011 | 12.8 | -22.32% |
| 2010 | 16.5 | 35.17% |
| 2009 | 12.2 | -11.33% |
| 2008 | 13.8 | -37.43% |
| 2007 | 22.0 | 41.25% |
| 2006 | 15.6 | 3.41% |
| 2005 | 15.1 | -2.54% |
| 2004 | 15.4 | 6.98% |
| 2003 | 14.4 | -80.83% |
| 2002 | 75.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Aflac AFL | 11.0 | -9.24% | 🇺🇸 USA |
 Assurant AIZ | 17.9 | 48.01% | 🇺🇸 USA |
 Cigna CI | 19.7 | 63.29% | 🇺🇸 USA |
 CNO Financial Group
CNO | 13.8 | 14.01% | 🇺🇸 USA |
 AEGON
AEG | -7.33 | -160.58% | 🇳🇱 Netherlands |
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.