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GMRE Global Medical REIT PE ratio, current and historical analysis

As of Jun 21, 2024, the GMRE stock has a P/E ratio of 38.3. The calculation is based on the latest EPS of $0.23 and the stock price of $8.81 per share. The PE ratio currently is comparable to its last 4-quarter average.

GMRE PE ratio history

How has GMRE's PE ratio performed in the past

The mean historical PE ratio of Global Medical REIT over the last six years is 93.31. The current 38.3 price-to-earnings ratio is 59% less than the historical average. Analyzing the last six years, GMRE's PE ratio reached its highest point in the Sep 2018 quarter at 471, with a price of $9.42 and an EPS of $0.02. The Dec 2018 quarter saw the lowest point at 25.4, with a price of $8.89 and an EPS of $0.35.

Average
93.31
Median
52.6
Minimum
25.4
Maximum
471

Global Medical REIT PE ratio by year

Maximum annual increase: 420.87% in 2019

Maximum annual decrease: -49.26% in 2022

Year PE ratio Change
2023 48.26 1.81%
2022 47.4 -49.26%
2021 93.42 N/A
2020 N/A N/A
2019 132.3 420.87%
2018 25.4 N/A
2017 N/A N/A
2016 N/A N/A
2015 N/A N/A

GMRE average PE ratio chart

What is the average PE ratio of GMRE for the past years

The current PE ratio of GMRE is under its 3 and 5-year averages.

3-year avg
56.7
5-year avg
65.4
10-year avg
N/A
15-year avg
N/A

Frequently asked questions

What is Global Medical REIT's PE ratio?

GMRE stock has a price to earnings ratio of 38.3 as of Jun 21, 2024.

What is the 3-year average PE ratio for Global Medical REIT (GMRE)?

Over the last 3 years, the average PE ratio for GMRE stock is 56.7.

What is the 5-year average PE ratio for Global Medical REIT (GMRE)?

Over the last 5 years, the average PE ratio for GMRE stock is 65.4.

What is the highest PE ratio for GMRE?

Over the last six years, the Sep 2018 quarter recorded the highest quarterly PE ratio at 471.

How does the current PE ratio for GMRE compare to its historical average?

GMRE's current price to earnings ratio is 59% below its 6-year historical average.

How is GMRE's PE ratio calculated (Global Medical REIT PE ratio formula)?

The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jun 21, 2024), Global Medical REIT's share price is $8.81. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.23. Therefore, Global Medical REIT's price to earnings ratio for today is 38.3. PE RATIO(38.3) = STOCK PRICE($8.81) / TTM EPS($0.23)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.