P/E ratio for Reece Group (REH.AX)
P/E ratio at the end of 2022: 22.1
According to Reece Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 43.0299. At the end of 2022 the company had a P/E ratio of 22.1.
P/E ratio history for Reece Group from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.1 | -52.12% |
| 2021 | 46.3 | 118.17% |
| 2020 | 21.2 | -16.72% |
| 2019 | 25.5 | 3.37% |
| 2018 | 24.6 | 49.15% |
| 2017 | 16.5 | -1.27% |
| 2016 | 16.7 | -5.29% |
| 2015 | 17.7 | 3.96% |
| 2014 | 17.0 | 20.62% |
| 2013 | 14.1 | 40.89% |
| 2012 | 10.00 | -4.98% |
| 2011 | 10.5 | -36.94% |
| 2010 | 16.7 | 14.81% |
| 2009 | 14.5 | 20.6% |
| 2008 | 12.0 | -40.77% |
| 2007 | 20.3 | 35.19% |
| 2006 | 15.0 | -10.63% |
| 2005 | 16.8 | 27.46% |
| 2004 | 13.2 | -11.29% |
| 2003 | 14.9 | -14% |
| 2002 | 17.3 | 23.57% |
| 2001 | 14.0 |
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.