P/E ratio for Safety Insurance (SAFT)
P/E ratio as of September 2023 (TTM): 29.1
According to Safety Insurance 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.1049. At the end of 2021 the company had a P/E ratio of 9.73.
P/E ratio history for Safety Insurance from 2003 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.73 | 15.27% |
| 2020 | 8.44 | -40.44% |
| 2019 | 14.2 | -5.08% |
| 2018 | 14.9 | -23.5% |
| 2017 | 19.5 | 13.59% |
| 2016 | 17.2 | -128.95% |
| 2015 | -59.3 | -462.52% |
| 2014 | 16.4 | 16.02% |
| 2013 | 14.1 | 16.13% |
| 2012 | 12.1 | -72.99% |
| 2011 | 45.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Allstate ALL | -11.0 | -137.83% | 🇺🇸 USA |
 Progressive PGR | 49.0 | 68.37% | 🇺🇸 USA |
 American International Group AIG | 10.0 | -65.62% | 🇺🇸 USA |
 Mercury General
MCY | -8.04 | -127.64% | 🇺🇸 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.