P/E ratio for Red Rock Resorts (RRR)
P/E ratio as of April 2024 (TTM): 13.9
According to Red Rock Resorts's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.8769. At the end of 2022 the company had a P/E ratio of 11.4.
P/E ratio history for Red Rock Resorts from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.4 | -25.4% |
| 2021 | 15.3 | -231.57% |
| 2020 | -11.6 | -97.57% |
| 2019 | -479 | -5477.25% |
| 2018 | 8.91 | -86.54% |
| 2017 | 66.2 | 487.4% |
| 2016 | 11.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Red Rock Resorts RRR | 13.9 | 0.00% | 🇺🇸 USA |
 Penn National Gaming
PENN | -20.8 | -250.00% | 🇺🇸 USA |
 Melco Resorts & Entertainment MLCO | -4.76 | -134.30% | 🇭🇰 Hong Kong |
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.