Rocket Companies
RKT
#883
Rank
$19.61 B
Marketcap
$9.87
Share price
5.67%
Change (1 day)
15.57%
Change (1 year)

P/E ratio for Rocket Companies (RKT)

P/E ratio as of December 2023 (TTM): -54.9

According to Rocket Companies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -54.9412. At the end of 2022 the company had a P/E ratio of 17.9.

P/E ratio history for Rocket Companies from 2020 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202217.9211.54%
20215.76-50.14%
202011.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
49.9-190.86%๐Ÿ‡บ๐Ÿ‡ธ USA
19.2-135.03%๐Ÿ‡บ๐Ÿ‡ธ USA
10.2-118.59%๐Ÿ‡บ๐Ÿ‡ธ USA
6.97-112.69%๐Ÿ‡บ๐Ÿ‡ธ 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.