P/E ratio for Profire Energy (PFIE)
P/E ratio as of May 2024 (TTM): 7.89
According to Profire Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.88889. At the end of 2022 the company had a P/E ratio of 11.8.
P/E ratio history for Profire Energy from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.8 | -120.1% |
| 2021 | -58.6 | 243.51% |
| 2020 | -17.1 | -147.06% |
| 2019 | 36.3 | 225% |
| 2018 | 11.2 | -41.91% |
| 2017 | 19.2 | -122.92% |
| 2016 | -83.8 | |
| 2014 | 16.3 | -42% |
| 2013 | 28.1 | -59.6% |
| 2012 | 69.5 | 739.6% |
| 2011 | 8.28 | -0.67% |
| 2010 | 8.33 |
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.