TriNet
TNET
#2887
Rank
HK$35.63 B
Marketcap
HK$718.73
Share price
-1.96%
Change (1 day)
-17.02%
Change (1 year)

P/E ratio for TriNet (TNET)

P/E ratio as of November 2024 (TTM): 15.6

According to TriNet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.6478. At the end of 2022 the company had a P/E ratio of 12.1.

P/E ratio history for TriNet from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202212.1-34.92%
202118.6-7.38%
202020.08.02%
201918.620.79%
201815.4-10.94%
201717.3-40.74%
201629.1-32.29%
201543.0-69.44%
2014141

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
35.3 125.82%๐Ÿ‡บ๐Ÿ‡ธ USA
6.02-61.50%๐Ÿ‡บ๐Ÿ‡ธ USA
14.6-6.68%๐Ÿ‡บ๐Ÿ‡ธ USA
32.0 104.60%๐Ÿ‡บ๐Ÿ‡ธ USA
77.6 395.83%๐Ÿ‡บ๐Ÿ‡ธ USA
58.1 271.53%๐Ÿ‡บ๐Ÿ‡ธ USA
32.0 104.23%๐Ÿ‡บ๐Ÿ‡ธ 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.