RioCan REIT
REI-UN.TO
#2967
Rank
$4.09 B
Marketcap
$13.63
Share price
0.49%
Change (1 day)
-6.45%
Change (1 year)

P/E ratio for RioCan REIT (REI-UN.TO)

P/E ratio as of March 2024 (TTM): 24.3

According to RioCan REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.3308. At the end of 2022 the company had a P/E ratio of 27.8.

P/E ratio history for RioCan REIT from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202227.8129.06%
202112.1-114.49%
2020-83.8-888.68%
201910.6-25.04%
201814.226.2%
201711.25.81%
201610.6-82.09%
201559.2372.81%
201412.516.31%
201310.880.14%
20125.98-26.03%
20118.08122.64%
20103.63-91.04%
200940.5101.66%
200820.1-85.27%
2007136350.06%
200630.3-9.59%
200533.564.27%
200420.444.02%
200314.226.1%
200211.22.8%
200110.9

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.