P/E ratio for Safety Insurance (SAFT)
P/E ratio as of April 2024 (TTM): 38.7
According to Safety Insurance 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 38.7075. 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 |
|---|---|---|
| 2022 | 26.6 | 173.21% |
| 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 | 253.45% |
| 2010 | 12.7 | 22.58% |
| 2009 | 10.4 | 18.38% |
| 2008 | 8.77 | 30.75% |
| 2007 | 6.71 | -6.49% |
| 2006 | 7.17 | 8.38% |
| 2005 | 6.62 | -37.9% |
| 2004 | 10.7 | 16.47% |
| 2003 | 9.15 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Allstate ALL | -22.1 | -157.10% | 🇺🇸 USA |
 Progressive PGR | 46.3 | 19.68% | 🇺🇸 USA |
 American International Group AIG | 12.2 | -68.47% | 🇺🇸 USA |
 Mercury General
MCY | -30.8 | -179.69% | 🇺🇸 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.