P/E ratio for Summit Industrial Income REIT (SMU-UN.TO)
P/E ratio as of May 2024 (TTM): 6.37
According to Summit Industrial Income REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.37292. At the end of 2021 the company had a P/E ratio of 3.51.
P/E ratio history for Summit Industrial Income REIT from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.51 | -63.24% |
| 2020 | 9.56 | 0.36% |
| 2019 | 9.52 | 133.93% |
| 2018 | 4.07 | -27.06% |
| 2017 | 5.58 | -33.69% |
| 2016 | 8.42 | -13.48% |
| 2015 | 9.73 | -9.09% |
| 2014 | 10.7 | 6.5% |
| 2013 | 10.0 | 524.99% |
| 2012 | 1.61 | -96.78% |
| 2011 | 50.0 | 455.56% |
| 2010 | 9.00 | -32.5% |
| 2009 | 13.3 |
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.