P/E ratio for ProAssurance (PRA)
P/E ratio as of March 2023 (TTM): 54.6
According to ProAssurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 54.6161. At the end of 2021 the company had a P/E ratio of 9.46.
P/E ratio history for ProAssurance from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.46 | -273.48% |
| 2020 | -5.45 | -100.22% |
| 2019 | > 1000 | 5245.9% |
| 2018 | 46.4 | 63.55% |
| 2017 | 28.4 | 43.37% |
| 2016 | 19.8 | -13.63% |
| 2015 | 22.9 | |
| 2013 | 10.1 | 7.16% |
| 2012 | 9.39 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Loews Corporation
L | 15.6 | -71.41% | 🇺🇸 USA |
 W. R. Berkley WRB | 12.8 | -76.50% | 🇺🇸 USA |
 The Travelers Companies TRV | 11.9 | -78.20% | 🇺🇸 USA |
 Hallmark Financial Services HALL | -0.1504 | -100.28% | 🇺🇸 USA |
 Markel MKL | -126 | -331.50% | 🇺🇸 USA |
 RLI Corp.
RLI | 10.1 | -81.46% | 🇺🇸 USA |
 Alleghany Y | 49.2 | -9.91% | 🇺🇸 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.