P/E ratio for Selective Insurance (SIGI)
P/E ratio as of September 2023 (TTM): 23.4
According to Selective Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.3756. At the end of 2021 the company had a P/E ratio of 12.5.
P/E ratio history for Selective Insurance from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.5 | -23.28% |
| 2020 | 16.3 | 14.25% |
| 2019 | 14.2 | -28.98% |
| 2018 | 20.1 | -1.08% |
| 2017 | 20.3 | 28.55% |
| 2016 | 15.8 | 36.18% |
| 2015 | 11.6 | 6.97% |
| 2014 | 10.8 | -23.6% |
| 2013 | 14.2 | -49.27% |
| 2012 | 27.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Cincinnati Financial
CINF | 12.1 | -48.10% | 🇺🇸 USA |
 The Hartford HIG | 11.3 | -51.49% | 🇺🇸 USA |
 Progressive PGR | 48.2 | 106.02% | 🇺🇸 USA |
 W. R. Berkley WRB | 14.0 | -40.16% | 🇺🇸 USA |
 The Travelers Companies TRV | 17.7 | -24.46% | 🇺🇸 USA |
 Erie Indemnity ERIE | 39.4 | 68.66% | 🇺🇸 USA |
 Markel MKL | 10.7 | -54.28% | 🇺🇸 USA |
 Hanover Insurance Group THG | -42.5 | -281.91% | 🇺🇸 USA |
 H.B. Fuller
FUL | 23.2 | -0.65% | 🇺🇸 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.