P/E ratio for Rocket Companies (RKT)
P/E ratio as of May 2024 (TTM): -81.6
According to Rocket Companies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -81.6471. At the end of 2022 the company had a P/E ratio of 17.9.
P/E ratio history for Rocket Companies from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.9 | 211.54% |
| 2021 | 5.76 | -50.14% |
| 2020 | 11.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 International Paper
IP | 54.8 | -167.07% | 🇺🇸 USA |
 Packaging Corporation of America
PKG | 20.9 | -125.59% | 🇺🇸 USA |
 Graphic Packaging GPK | 12.6 | -115.47% | 🇺🇸 USA |
 Clearwater Paper CLW | 10.3 | -112.58% | 🇺🇸 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.