P/E ratio for Summit Hotel Properties (INN)
P/E ratio as of April 2024 (TTM): -28.5
According to Summit Hotel Properties's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -28.5. At the end of 2022 the company had a P/E ratio of -46.6.
P/E ratio history for Summit Hotel Properties from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -46.6 | 282.02% |
| 2021 | -12.2 | 105.82% |
| 2020 | -5.93 | -130.74% |
| 2019 | 19.3 | 36.73% |
| 2018 | 14.1 | -25% |
| 2017 | 18.8 | 17.3% |
| 2016 | 16.0 | 67.68% |
| 2015 | 9.56 | -96.16% |
| 2014 | 249 | -406.45% |
| 2013 | -81.2 | 53.83% |
| 2012 | -52.8 | -163.43% |
| 2011 | 83.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Simon Property Group SPG | 21.2 | -174.24% | 🇺🇸 USA |
 New Senior Investment Group SNR | N/A | N/A | 🇺🇸 USA |
 Physicians Realty Trust
DOC | 98.1 | -444.04% | 🇺🇸 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.