P/E ratio for Rocket Companies (RKT)
P/E ratio as of April 2023 (TTM): 9.73
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.
P/E ratio history for Rocket Companies from 2020 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 5.76 | 606.58% |
| 2020 | 0.8154 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 International Paper
IP | 8.77 | -9.83% | 🇺🇸 USA |
 Packaging Corporation of America
PKG | 12.5 | 28.92% | 🇺🇸 USA |
 Graphic Packaging GPK | 15.0 | 54.25% | 🇺🇸 USA |
 Clearwater Paper CLW | 12.2 | 25.24% | 🇺🇸 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.