P/E ratio for Exchange Income Corporation (EIF.TO)
P/E ratio as of May 2024 (TTM): 16.9
According to Exchange Income Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.8604. At the end of 2022 the company had a P/E ratio of 19.6.
P/E ratio history for Exchange Income Corporation from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.6 | -15.04% |
| 2021 | 23.0 | -49.72% |
| 2020 | 45.8 | 163.38% |
| 2019 | 17.4 | 38.45% |
| 2018 | 12.6 | -17.54% |
| 2017 | 15.2 | -20.47% |
| 2016 | 19.2 | 8.15% |
| 2015 | 17.7 | -71.76% |
| 2014 | 62.7 | 19.3% |
| 2013 | 52.6 | 152.8% |
| 2012 | 20.8 | 0.64% |
| 2011 | 20.7 | 24.78% |
| 2010 | 16.6 | 84.67% |
| 2009 | 8.97 | -45.21% |
| 2008 | 16.4 | 161.82% |
| 2007 | 6.25 | -8.4% |
| 2006 | 6.82 |
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.