Pinnacle Investment Management Group
PNI.AX
#3837
Rank
NZ$4.02 B
Marketcap
$17.77
Share price
5.13%
Change (1 day)
50.51%
Change (1 year)

P/E ratio for Pinnacle Investment Management Group (PNI.AX)

P/E ratio at the end of 2023: 22.6

According to Pinnacle Investment Management Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 40.6319. At the end of 2023 the company had a P/E ratio of 22.6.

P/E ratio history for Pinnacle Investment Management Group from 2007 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202322.646.69%
202215.4-37.16%
202124.539.73%
202017.6-14.41%
201920.5-31.63%
201830.015.99%
201725.9-8.9%
201628.4-353.09%
2015-11.2-233.54%
20148.41-210.73%
2013-7.59385.06%
2012-1.57-78.77%
2011-7.37-33.49%
2010-11.1-133.09%
200933.5377.87%
20087.01-32.62%
200710.4

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.