P/E ratio for Goodman Property Trust (GMT.NZ)
P/E ratio at the end of 2023: -21.3
According to Goodman Property Trust's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -22.2572. At the end of 2023 the company had a P/E ratio of -21.3.
P/E ratio history for Goodman Property Trust from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -21.3 | -653.79% |
| 2022 | 3.84 | -10.26% |
| 2021 | 4.28 | -61.06% |
| 2020 | 11.0 | 80.04% |
| 2019 | 6.10 | -16.81% |
| 2018 | 7.34 | 16.53% |
| 2017 | 6.30 | 3.83% |
| 2016 | 6.07 | -6.78% |
| 2015 | 6.51 | 8.37% |
| 2014 | 6.00 | -41.57% |
| 2013 | 10.3 | -42.85% |
| 2012 | 18.0 | 1.45% |
| 2011 | 17.7 | -116.92% |
| 2010 | -105 | 939.42% |
| 2009 | -10.1 | -231.65% |
| 2008 | 7.65 | 11.89% |
| 2007 | 6.84 |
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.