P/E ratio for Localiza (RENT3.SA)
P/E ratio as of May 2024 (TTM): 37.5
According to Localiza 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 37.4746. At the end of 2022 the company had a P/E ratio of 24.4.
P/E ratio history for Localiza from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.4 | 24.94% |
| 2021 | 19.5 | -60.63% |
| 2020 | 49.6 | 15.32% |
| 2019 | 43.0 | 38.47% |
| 2018 | 31.1 | 7.89% |
| 2017 | 28.8 | 58.79% |
| 2016 | 18.1 | 40.37% |
| 2015 | 12.9 | -28.47% |
| 2014 | 18.1 | 1.7% |
| 2013 | 17.8 | -41.36% |
| 2012 | 30.3 | 74.17% |
| 2011 | 17.4 | -16.86% |
| 2010 | 20.9 | -28.53% |
| 2009 | 29.3 |
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.