According to Steel Partners's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.80324. At the end of 2022 the company had a P/E ratio of 4.77.
Year | P/E ratio | Change |
---|---|---|
2022 | 4.77 | -31.46% |
2021 | 6.95 | 114.75% |
2020 | 3.24 | -101.87% |
2019 | -173 | 1512.47% |
2018 | -10.7 | -99.97% |
2017 | < -1000 | -51455.47% |
2016 | 62.0 | 1792.55% |
2015 | 3.28 | -104.08% |
2014 | -80.3 | -396.11% |
2013 | 27.1 | 193.26% |
2012 | 9.24 |
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.