P/E ratio for Transcontinental (TCL-A.TO)
P/E ratio as of May 2024 (TTM): 11.3
According to Transcontinental's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.2546. At the end of 2022 the company had a P/E ratio of 9.37.
P/E ratio history for Transcontinental from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.37 | -30.77% |
| 2021 | 13.5 | -0.31% |
| 2020 | 13.6 | 62.62% |
| 2019 | 8.35 | 14.25% |
| 2018 | 7.31 | -19.36% |
| 2017 | 9.07 | -22.78% |
| 2016 | 11.7 | 128.56% |
| 2015 | 5.14 | -58.12% |
| 2014 | 12.3 | -125.17% |
| 2013 | -48.7 | 892.15% |
| 2012 | -4.91 | -158.04% |
| 2011 | 8.46 | 8.96% |
| 2010 | 7.77 | -161.92% |
| 2009 | -12.5 | -110.09% |
| 2008 | 124 | 1029.96% |
| 2007 | 11.0 | -18.09% |
| 2006 | 13.4 | 11.05% |
| 2005 | 12.1 | -24.72% |
| 2004 | 16.1 | 7.84% |
| 2003 | 14.9 | 17.64% |
| 2002 | 12.7 | -10.95% |
| 2001 | 14.2 |
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.