P/E ratio for Smart Parking Limited (SPZ.AX)
P/E ratio at the end of 2023: 13.0
According to Smart Parking Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 36.4341. At the end of 2023 the company had a P/E ratio of 13.0.
P/E ratio history for Smart Parking Limited from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 13.0 | -79.71% |
| 2022 | 64.3 | 445.24% |
| 2021 | 11.8 | -365.7% |
| 2020 | -4.44 | -31.4% |
| 2019 | -6.47 | -119.47% |
| 2018 | 33.2 | -163.19% |
| 2017 | -52.6 | 18.03% |
| 2016 | -44.5 | 975.84% |
| 2015 | -4.14 | 32.93% |
| 2014 | -3.11 | 7.19% |
| 2013 | -2.90 | 57.84% |
| 2012 | -1.84 | -81.68% |
| 2011 | -10.0 | -518.21% |
| 2010 | 2.40 | -183.1% |
| 2009 | -2.89 | 701.31% |
| 2008 | -0.3607 | -2.78% |
| 2007 | -0.3710 |
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.