P/E ratio for Toromont (TIH.TO)
P/E ratio as of May 2024 (TTM): 18.4
According to Toromont's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.3641. At the end of 2022 the company had a P/E ratio of 17.7.
P/E ratio history for Toromont from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.7 | -37.78% |
| 2021 | 28.4 | -1.13% |
| 2020 | 28.8 | 43.48% |
| 2019 | 20.1 | 14.2% |
| 2018 | 17.6 | -29.25% |
| 2017 | 24.8 | 16.63% |
| 2016 | 21.3 | 27.49% |
| 2015 | 16.7 | 0.71% |
| 2014 | 16.6 | 0.14% |
| 2013 | 16.6 | 22.38% |
| 2012 | 13.5 | 103.01% |
| 2011 | 6.66 | -70.54% |
| 2010 | 22.6 | 51.38% |
| 2009 | 14.9 | 40.38% |
| 2008 | 10.6 | -28.82% |
| 2007 | 15.0 | -4.79% |
| 2006 | 15.7 | -22.71% |
| 2005 | 20.3 | 8.86% |
| 2004 | 18.7 | 0.53% |
| 2003 | 18.6 | 15.99% |
| 2002 | 16.0 | 11.05% |
| 2001 | 14.4 |
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.