P/E ratio for SP Plus Corporation (SP)
P/E ratio as of September 2023 (TTM): 17.9
According to SP Plus Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.8995. At the end of 2021 the company had a P/E ratio of 18.9.
P/E ratio history for SP Plus Corporation from 2004 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 18.9 | -639.35% |
| 2020 | -3.51 | -118.21% |
| 2019 | 19.3 | 54.73% |
| 2018 | 12.5 | -37.51% |
| 2017 | 19.9 | -26.31% |
| 2016 | 27.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Cintas CTAS | 38.2 | 113.47% | 🇺🇸 USA |
 TTEC TTEC | 19.3 | 7.91% | 🇺🇸 USA |
 Huron Consulting HURN | 27.2 | 51.87% | 🇺🇸 USA |
 ABM Industries
ABM | 11.0 | -38.45% | 🇺🇸 USA |
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.