As of May 17, 2024, the GMRE stock has a P/E ratio of 38.7. The calculation is based on the latest EPS of $0.23 and the stock price of $8.9 per share. The PE ratio currently is comparable to its last 4-quarter average.
The mean historical PE ratio of Global Medical REIT over the last six years is 93.31. The current 38.7 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.
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 38.7 as of May 17, 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 65.4.
Over the last six years, the Sep 2018 quarter recorded the highest quarterly PE ratio at 471.
GMRE's current price to earnings ratio is 59% below its 6-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 (May 17, 2024), Global Medical REIT's share price is $8.9. 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 38.7. PE RATIO(38.7) = STOCK PRICE($8.9) / TTM EPS($0.23)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.