According to Fletcher Building's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.32997. At the end of 2022 the company had a P/E ratio of 9.61.
Year | P/E ratio | Change |
---|---|---|
2022 | 9.61 | -47% |
2021 | 18.1 | -227.66% |
2020 | -14.2 | |
2018 | -25.3 | -154.84% |
2017 | 46.1 | 382.73% |
2016 | 9.54 | -44.36% |
2015 | 17.1 | 62.38% |
2014 | 10.6 | -14.74% |
2013 | 12.4 | -33.57% |
2012 | 18.6 | 30.15% |
2011 | 14.3 | -7.96% |
2010 | 15.6 | -125.74% |
2009 | -60.5 |
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.