Shoprite
SHP.JO
#2118
Rank
$7.10 B
Marketcap
$13.08
Share price
-0.02%
Change (1 day)
10.66%
Change (1 year)

P/E ratio for Shoprite (SHP.JO)

P/E ratio at the end of 2022: 16.6

According to Shoprite's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.1932. At the end of 2022 the company had a P/E ratio of 16.6.

P/E ratio history for Shoprite from 2002 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202216.623.46%
202113.4-16.47%
202016.1-14.89%
201918.910.62%
201817.125%
201713.7-4.42%
201614.31.33%
201514.114.08%
201412.4-16.72%
201314.935%
201211.050.86%
20117.30-2.91%
20107.5237.04%
20095.496.03%
20085.17-8.59%
20075.666.35%
20065.3229.85%
20054.1051.63%
20042.706.58%
20032.54-72.35%
20029.17

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.