McGrath RentCorp
MGRC
#3646
Rank
NZ$4.93 B
Marketcap
$201.03
Share price
-0.74%
Change (1 day)
18.19%
Change (1 year)

P/E ratio for McGrath RentCorp (MGRC)

P/E ratio as of November 2024 (TTM): 16.1

According to McGrath RentCorp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.0952. At the end of 2022 the company had a P/E ratio of 20.9.

P/E ratio history for McGrath RentCorp from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202220.9-3.56%
202121.736.42%
202015.9-17.11%
201919.222.6%
201815.6113.49%
20177.33-69.89%
201624.355.58%
201515.6-22.77%
201420.3-12.95%
201323.343.17%
201216.314.4%
201114.2-17.08%
201017.17.3%
200916.030.85%
200812.2-20.37%
200715.3-16.93%
200618.58.85%
200517.0-3.6%
200417.621.32%
200314.5-36.14%
200222.731.87%
200117.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
12.9-20.15%๐Ÿ‡บ๐Ÿ‡ธ USA
25.3 57.09%๐Ÿ‡บ๐Ÿ‡ธ USA
32.5 102.22%๐Ÿ‡บ๐Ÿ‡ธ USA
112 593.27%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.