P/E ratio for Steadfast Group (SDF.AX)
P/E ratio at the end of 2022: 27.2
According to Steadfast Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.6303. At the end of 2022 the company had a P/E ratio of 27.2.
P/E ratio history for Steadfast Group from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 27.2 | 17.51% |
| 2021 | 23.2 | -146.43% |
| 2020 | -49.9 | -304.82% |
| 2019 | 24.3 | -4.4% |
| 2018 | 25.5 | -2.22% |
| 2017 | 26.0 | 47.89% |
| 2016 | 17.6 | -5.88% |
| 2015 | 18.7 | 9.53% |
| 2014 | 17.1 |
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.