Safety Insurance
SAFT
#5089
Rank
$1.28 B
Marketcap
$86.82
Share price
1.65%
Change (1 day)
12.24%
Change (1 year)

P/E ratio for Safety Insurance (SAFT)

P/E ratio as of November 2024 (TTM): 41.0

According to Safety Insurance 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 40.9528. At the end of 2022 the company had a P/E ratio of 26.6.

P/E ratio history for Safety Insurance from 2002 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202226.6173.21%
20219.7315.27%
20208.44-40.44%
201914.2-5.08%
201814.9-23.5%
201719.513.59%
201617.2-128.95%
2015-59.3-462.52%
201416.416.02%
201314.116.13%
201212.1-72.99%
201145.0253.45%
201012.722.58%
200910.418.38%
20088.7730.75%
20076.71-6.49%
20067.178.38%
20056.62-37.9%
200410.716.47%
20039.15

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
56.4 37.67%๐Ÿ‡บ๐Ÿ‡ธ USA
-24.9-160.70%๐Ÿ‡บ๐Ÿ‡ธ USA
-40.2-198.24%๐Ÿ‡บ๐Ÿ‡ธ USA
12.3-69.95%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.