Reece Group
REH.AX
#1636
Rank
$10.26 B
Marketcap
$15.83
Share price
1.83%
Change (1 day)
28.11%
Change (1 year)

P/E ratio for Reece Group (REH.AX)

P/E ratio at the end of 2022: 22.5

According to Reece Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 37.6307. At the end of 2022 the company had a P/E ratio of 22.5.

P/E ratio history for Reece Group from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202222.5-52.12%
202147.1118.17%
202021.6-16.72%
201925.93.37%
201825.149.15%
201716.8-1.27%
201617.0-5.29%
201518.03.96%
201417.320.62%
201314.340.89%
201210.2-4.98%
201110.7-36.94%
201017.014.81%
200914.820.6%
200812.3-40.77%
200720.735.19%
200615.3-10.63%
200517.127.46%
200413.4-11.29%
200315.2-14%
200217.623.57%
200114.3

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.