P/E ratio for The Shyft Group (SHYF)
P/E ratio as of September 2023 (TTM): 12.8
According to The Shyft Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.839. At the end of 2021 the company had a P/E ratio of 25.2.
P/E ratio history for The Shyft Group from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 25.2 | -18.33% |
| 2020 | 30.8 | -161.42% |
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Nikola NKLA | -0.7809 | -106.08% | 🇺🇸 USA |
 NIO NIO | -4.77 | -137.16% | 🇨🇳 China |
 The Shyft Group SHYF | 12.8 | 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.