P/E ratio for TCG BDC (CGBD)
P/E ratio as of May 2024 (TTM): 11.2
According to TCG BDC 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.1806. At the end of 2022 the company had a P/E ratio of 9.11.
P/E ratio history for TCG BDC from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.11 | 92.52% |
| 2021 | 4.73 | -94.92% |
| 2020 | 93.3 | 611.05% |
| 2019 | 13.1 | -33.35% |
| 2018 | 19.7 | 42.93% |
| 2017 | 13.8 |
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.