P/E ratio for Spencer's Retail (SPENCERS.NS)
P/E ratio as of May 2024 (TTM): -3.63
According to Spencer's Retail 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.62517. At the end of 2022 the company had a P/E ratio of -3.07.
P/E ratio history for Spencer's Retail from 2019 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.07 | -61.27% |
| 2021 | -7.91 | 71.57% |
| 2020 | -4.61 | -19.56% |
| 2019 | -5.74 |
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.