P/E ratio for Reinsurance Group of America (RGA)
P/E ratio as of April 2024 (TTM): 12.4
According to Reinsurance Group of America 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.3551. At the end of 2022 the company had a P/E ratio of 10.8.
P/E ratio history for Reinsurance Group of America from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.8 | -9.85% |
| 2021 | 12.0 | -36.05% |
| 2020 | 18.8 | 60.04% |
| 2019 | 11.8 | -5.68% |
| 2018 | 12.5 | 126.07% |
| 2017 | 5.51 | -52.15% |
| 2016 | 11.5 | 1.83% |
| 2015 | 11.3 | 27.73% |
| 2014 | 8.86 | -33.39% |
| 2013 | 13.3 | 112.98% |
| 2012 | 6.25 | -5.7% |
| 2011 | 6.62 | -9.75% |
| 2010 | 7.34 | -13.86% |
| 2009 | 8.52 | -44.9% |
| 2008 | 15.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Aflac AFL | 11.0 | -10.60% | 🇺🇸 USA |
 Unum UNM | 8.33 | -32.59% | 🇺🇸 USA |
 Maiden Holdings
MHLD | 11.8 | -4.67% | 🇧🇲 Bermuda |
 Manulife Financial MFC | 11.1 | -10.22% | 🇨🇦 Canada |
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.