P/E ratio for The Shyft Group (SHYF)
P/E ratio as of April 2024 (TTM): 12.5
According to The Shyft Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.5244. At the end of 2022 the company had a P/E ratio of 23.9.
P/E ratio history for The Shyft Group from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.9 | -5.12% |
| 2021 | 25.2 | -19.21% |
| 2020 | 31.2 | -162.1% |
| 2019 | -50.2 | -398.69% |
| 2018 | 16.8 | -51.96% |
| 2017 | 35.0 | -1.62% |
| 2016 | 35.6 | -683.42% |
| 2015 | -6.10 | -104.18% |
| 2014 | 146 | -492.01% |
| 2013 | -37.2 | -47.04% |
| 2012 | -70.3 | -129.22% |
| 2011 | 241 | 413.38% |
| 2010 | 46.8 | 207.87% |
| 2009 | 15.2 | 321.42% |
| 2008 | 3.61 | -63.77% |
| 2007 | 9.97 | -65.73% |
| 2006 | 29.1 | 85.94% |
| 2005 | 15.6 | -38.39% |
| 2004 | 25.4 | 25.66% |
| 2003 | 20.2 | 82.83% |
| 2002 | 11.0 | 0.13% |
| 2001 | 11.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Nikola NKLA | -0.4177 | -103.34% | 🇺🇸 USA |
 NIO NIO | -2.22 | -117.71% | 🇨🇳 China |
 The Shyft Group SHYF | 12.5 | 0.00% | 🇺🇸 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.