According to Smart Parking Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 42.9453. At the end of 2023 the company had a P/E ratio of 12.9.
Year | P/E ratio | Change |
---|---|---|
2023 | 12.9 | -79.71% |
2022 | 63.7 | 445.24% |
2021 | 11.7 | -365.7% |
2020 | -4.40 | -31.4% |
2019 | -6.41 | -119.47% |
2018 | 32.9 | -163.19% |
2017 | -52.1 | 18.03% |
2016 | -44.2 | 975.84% |
2015 | -4.11 | 32.93% |
2014 | -3.09 | 7.19% |
2013 | -2.88 | 57.84% |
2012 | -1.83 | -81.68% |
2011 | -9.96 | -518.21% |
2010 | 2.38 | -183.1% |
2009 | -2.87 | 701.31% |
2008 | -0.3578 | -2.78% |
2007 | -0.3680 |
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.