P/E ratio for UNITI (UNIT)
P/E ratio as of April 2024 (TTM): -41.4
According to UNITI's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -41.3571. At the end of 2022 the company had a P/E ratio of -138.
P/E ratio history for UNITI from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -138 | -613.13% |
| 2021 | 26.9 | -933.76% |
| 2020 | -3.23 | -102.36% |
| 2019 | 137 | -60.43% |
| 2018 | 346 | -313.82% |
| 2017 | -162 | -74.54% |
| 2016 | -635 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 American Tower AMT | 112 | -371.14% | 🇺🇸 USA |
 Crown Castle CCI | 26.2 | -163.25% | 🇺🇸 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.