P/E ratio for Tredegar (TG)
P/E ratio as of April 2024 (TTM): -9.78
According to Tredegar's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -9.77612. At the end of 2022 the company had a P/E ratio of 12.0.
P/E ratio history for Tredegar from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.0 | 77% |
| 2021 | 6.79 | -192.34% |
| 2020 | -7.36 | -148.06% |
| 2019 | 15.3 | -26.64% |
| 2018 | 20.9 | 26.08% |
| 2017 | 16.6 | -48.97% |
| 2016 | 32.4 | -335.74% |
| 2015 | -13.8 | -169.74% |
| 2014 | 19.7 | -52.75% |
| 2013 | 41.8 | 79.94% |
| 2012 | 23.2 | -19.59% |
| 2011 | 28.9 | 23.59% |
| 2010 | 23.3 | -107.38% |
| 2009 | -316 | -1579.32% |
| 2008 | 21.4 | -48.13% |
| 2007 | 41.2 | 80.53% |
| 2006 | 22.8 | -27.36% |
| 2005 | 31.4 | 17.61% |
| 2004 | 26.7 | -218.77% |
| 2003 | -22.5 | -89.5% |
| 2002 | -214 | -388.35% |
| 2001 | 74.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Raven Industries RAVN | N/A | N/A | 🇺🇸 USA |
 Mueller Industries
MLI | 10.3 | -205.77% | 🇺🇸 USA |
 Berry Global
BERY | 10.6 | -208.83% | 🇺🇸 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.