Principal
PFG
#985
Rank
$19.08 B
Marketcap
$81.42
Share price
-0.97%
Change (1 day)
19.44%
Change (1 year)
The Principal Financial Group is an American multinational financial investment management and insurance company headquartered in Des Moines, Iowa. The company is divided into four segments: Pension and Income Solutions, Principal Global Investors, Principal International and US Insurance Solutions.

P/E ratio for Principal (PFG)

P/E ratio as of May 2024 (TTM): 12.2

According to Principal's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.1988. 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
20224.33-61.98%
202111.416.64%
20209.77-11.4%
201911.034.75%
20188.18-7.26%
20178.82-30.79%
201612.716.69%
201510.9-21.31%
201413.9
201211.0-14.18%
201112.8-22.32%
201016.535.17%
200912.2-11.33%
200813.8-37.43%
200722.041.25%
200615.63.41%
200515.1-2.54%
200415.46.98%
200314.4-80.83%
200275.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.5-5.79%๐Ÿ‡บ๐Ÿ‡ธ USA
17.2 40.64%๐Ÿ‡บ๐Ÿ‡ธ USA
18.6 52.68%๐Ÿ‡บ๐Ÿ‡ธ USA
14.7 20.71%๐Ÿ‡บ๐Ÿ‡ธ USA
-7.93-165.01%๐Ÿ‡ณ๐Ÿ‡ฑ 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.