According to Rocket Companies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.73034. At the end of 2021 the company had a P/E ratio of 5.76.
Year | P/E ratio | Change |
---|---|---|
2021 | 5.76 | 606.58% |
2020 | 0.8154 |
Company | P/E ratio | P/E ratio differencediff. | Country |
---|---|---|---|
![]() International Paper
IP | 8.77 | -9.83% | ๐บ๐ธ USA |
![]() Packaging Corporation of America
PKG | 12.5 | 28.92% | ๐บ๐ธ USA |
![]() Graphic Packaging GPK | 15.0 | 54.25% | ๐บ๐ธ USA |
![]() Clearwater Paper CLW | 12.2 | 25.24% | ๐บ๐ธ USA |
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.