As of Jul 26, 2024, the GMRE stock has a P/E ratio of 42.83. The calculation is based on the latest EPS of $0.23 and the stock price of $9.85 per share. An increase of 12% has been observed in the PE ratio compared to its average of 38.3 of the past four quarters.
The mean historical PE ratio of Global Medical REIT over the last seven years is 93.31. The current 42.83 price-to-earnings ratio is 54% less than the historical average. Analyzing the last seven 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.
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 |
The current PE ratio of GMRE is under its 3 and 5-year averages.
GMRE stock has a price to earnings ratio of 42.83 as of Jul 26, 2024.
Over the last 3 years, the average PE ratio for GMRE stock is 56.7.
Over the last 5 years, the average PE ratio for GMRE stock is 67.92.
Over the last seven years, the Sep 2018 quarter recorded the highest quarterly PE ratio at 471.
GMRE's current price to earnings ratio is 54% below its 7-year historical average.
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 (Jul 26, 2024), Global Medical REIT's share price is $9.85. 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 42.83. PE RATIO(42.83) = STOCK PRICE($9.85) / TTM EPS($0.23)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.