The current price-to-earnings ratio for Greenlight Capital Re stock as of Oct 14, 2024 is 7.11. This is calculated based on the current EPS of $1.94 and the stock price of $13.79 per share. The PE ratio has increased by 52% from the past four quarters average of 4.7.
The average historical PE ratio of Greenlight Capital Re for the last ten years is 16.12. The current P/E ratio of 7.11 is 56% lower than the historical average. In the past ten years, GLRE's PE ratio peaked in the Dec 2020 quarter at 66.45, when the stock price was $7.31 and the EPS was $0.11. The lowest point was in the Sep 2023 quarter, when it reached 3.51 with a price of $10.74 and an EPS of $3.06.
Maximum annual increase: 102% in 2014
Maximum annual decrease: -76.87% in 2021
Year | PE ratio | Change |
---|---|---|
2023 | 4.48 | -58.79% |
2022 | 10.87 | -29.28% |
2021 | 15.37 | -76.87% |
2020 | 66.45 | N/A |
2019 | N/A | N/A |
2018 | N/A | N/A |
2017 | N/A | N/A |
2016 | 19 | N/A |
2015 | N/A | N/A |
2014 | 11.11 | 102% |
GLRE's current P/E ratio is lower than the 3, 5 and 10-year averages.
In comparison to its peer stock RNR, GLRE's PE ratio is higher.
Stock name | PE ratio | Market cap |
---|---|---|
RNR Renaissancere Holdings Ltd | 5.37 | $14.68B |
GLRE Greenlight Capital Re Ltd | 7.14 | $489.02M |
MHLD Maiden Holdings Ltd | N/A | $171.61M |
PRE Prenetics Global Limited | N/A | $61.11M |
GLRE stock has a price to earnings ratio of 7.11 as of Oct 14, 2024.
The average PE ratio for GLRE stock over the past 3 years is 12.78.
The average PE ratio for GLRE stock over the past 5 years is 15.14.
In the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 66.45.
The current price to earnings ratio of GLRE is 56% lower than the 10-year historical average.
GLRE's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Oct 14, 2024), Greenlight Capital Re's stock price is $13.79. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $1.94. Therefore, Greenlight Capital Re's PE ratio for today is 7.11. PE RATIO(7.11) = STOCK PRICE($13.79) / TTM EPS($1.94)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.