P/E ratio for Ritchie Bros. Auctioneers (RBA)
P/E ratio as of April 2024 (TTM): 76.7
According to Ritchie Bros. Auctioneers 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 76.6526. At the end of 2022 the company had a P/E ratio of 20.0.
P/E ratio history for Ritchie Bros. Auctioneers from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.0 | -54.89% |
| 2021 | 44.4 | 0.13% |
| 2020 | 44.3 | 41.3% |
| 2019 | 31.4 | 7.31% |
| 2018 | 29.2 | -31.67% |
| 2017 | 42.8 | 8.15% |
| 2016 | 39.5 | 106.61% |
| 2015 | 19.1 | -39.51% |
| 2014 | 31.6 | 21.41% |
| 2013 | 26.1 | -6.45% |
| 2012 | 27.9 | -9.17% |
| 2011 | 30.7 | -16.18% |
| 2010 | 36.6 | 45.17% |
| 2009 | 25.2 | 14.13% |
| 2008 | 22.1 | -41.51% |
| 2007 | 37.8 | 17.05% |
| 2006 | 32.3 | 19.09% |
| 2005 | 27.1 | -16.85% |
| 2004 | 32.6 | 31.27% |
| 2003 | 24.8 | 29.63% |
| 2002 | 19.1 | -7.68% |
| 2001 | 20.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Amazon AMZN | 90.4 | 17.97% | 🇺🇸 USA |
 Netflix NFLX | 54.4 | -29.07% | 🇺🇸 USA |
 eBay EBAY | 20.5 | -73.31% | 🇺🇸 USA |
 DXP Enterprises DXPE | 15.9 | -79.27% | 🇺🇸 USA |
 MSC Industrial Direct MSM | 14.4 | -81.22% | 🇺🇸 USA |
 Applied Industrial Technologies
AIT | 19.5 | -74.57% | 🇺🇸 USA |
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.