P/E ratio for SmartCentres REIT (SRU-UN.TO)
P/E ratio as of April 2024 (TTM): 12.3
According to SmartCentres REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.3012. At the end of 2022 the company had a P/E ratio of 8.93.
P/E ratio history for SmartCentres REIT from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.93 | 34.77% |
| 2021 | 6.63 | -87.41% |
| 2020 | 52.7 | 214.73% |
| 2019 | 16.7 | 14.29% |
| 2018 | 14.6 | -10.11% |
| 2017 | 16.3 | 5.11% |
| 2016 | 15.5 | -7.8% |
| 2015 | 16.8 | 3.02% |
| 2014 | 16.3 | 33.28% |
| 2013 | 12.2 | 192.1% |
| 2012 | 4.19 | -76.54% |
| 2011 | 17.9 | 271.04% |
| 2010 | 4.81 | -94.18% |
| 2009 | 82.7 | 594.13% |
| 2008 | 11.9 | -82.49% |
| 2007 | 68.0 | -35.92% |
| 2006 | 106 | 187.97% |
| 2005 | 36.9 | 65.31% |
| 2004 | 22.3 | 109.54% |
| 2003 | 10.6 |
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.