P/E ratio for Growthpoint Properties (GRT.JO)
P/E ratio at the end of 2022: 4.81
According to Growthpoint Properties's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.20545. At the end of 2022 the company had a P/E ratio of 4.81.
P/E ratio history for Growthpoint Properties from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.81 | -106.42% |
| 2021 | -74.8 | 1219.83% |
| 2020 | -5.67 | -166.2% |
| 2019 | 8.57 | -0.9% |
| 2018 | 8.64 | 34.03% |
| 2017 | 6.45 | -39.74% |
| 2016 | 10.7 | 83.93% |
| 2015 | 5.82 | 13.91% |
| 2014 | 5.11 | -119.56% |
| 2013 | -26.1 | 36.04% |
| 2012 | -19.2 | -42.11% |
| 2011 | -33.2 | -112.6% |
| 2010 | 263 | -294.46% |
| 2009 | -135 |
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.