P/E ratio for H&E Equipment Services (HEES)
P/E ratio as of June 2024 (TTM): 9.43
According to H&E Equipment Services's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.42641. At the end of 2022 the company had a P/E ratio of 12.5.
P/E ratio history for H&E Equipment Services from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.5 | -20.55% |
| 2021 | 15.7 | -147.92% |
| 2020 | -32.8 | -338.12% |
| 2019 | 13.8 | 44.85% |
| 2018 | 9.50 | -28.04% |
| 2017 | 13.2 | -40.4% |
| 2016 | 22.1 | 59.61% |
| 2015 | 13.9 | -22.46% |
| 2014 | 17.9 | -23.31% |
| 2013 | 23.3 | 28.5% |
| 2012 | 18.2 | -64.82% |
| 2011 | 51.6 | -425.66% |
| 2010 | -15.8 | -47.17% |
| 2009 | -30.0 | -578.6% |
| 2008 | 6.27 | -43.56% |
| 2007 | 11.1 | -59.65% |
| 2006 | 27.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Crown Castle CCI | 26.9 | 185.48% | 🇺🇸 USA |
 United Rentals
URI | 17.9 | 89.84% | 🇺🇸 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.