P/E ratio for SmartCentres REIT (SRU-UN.TO)
P/E ratio as of March 2023 (TTM): 7.46
According to SmartCentres REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.45767. At the end of 2021 the company had a P/E ratio of 6.69.
P/E ratio history for SmartCentres REIT from 2003 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 6.69 | -87.28% |
| 2020 | 52.6 | 209.65% |
| 2019 | 17.0 | 16.17% |
| 2018 | 14.6 | -10.66% |
| 2017 | 16.4 | 5.34% |
| 2016 | 15.5 | -11.19% |
| 2015 | 17.5 | 5.31% |
| 2014 | 16.6 | 35.58% |
| 2013 | 12.2 | 183.49% |
| 2012 | 4.32 | -76.92% |
| 2011 | 18.7 | -91.22% |
| 2010 | 213 | 162.4% |
| 2009 | 81.2 | 586.98% |
| 2008 | 11.8 | -83.77% |
| 2007 | 72.8 | -31.37% |
| 2006 | 106 | 142.36% |
| 2005 | 43.8 | 19.61% |
| 2004 | 36.6 | 241.09% |
| 2003 | 10.7 |
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.