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.
Year | P/E ratio | Change |
---|---|---|
2022 | 16.6 | 23.46% |
2021 | 13.4 | -16.47% |
2020 | 16.1 | -14.89% |
2019 | 18.9 | 10.62% |
2018 | 17.1 | 25% |
2017 | 13.7 | -4.42% |
2016 | 14.3 | 1.33% |
2015 | 14.1 | 14.08% |
2014 | 12.4 | -16.72% |
2013 | 14.9 | 35% |
2012 | 11.0 | 50.86% |
2011 | 7.30 | -2.91% |
2010 | 7.52 | 37.04% |
2009 | 5.49 | 6.03% |
2008 | 5.17 | -8.59% |
2007 | 5.66 | 6.35% |
2006 | 5.32 | 29.85% |
2005 | 4.10 | 51.63% |
2004 | 2.70 | 6.58% |
2003 | 2.54 | -72.35% |
2002 | 9.17 |
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.