As of Jul 25, 2024, the Ready Capital stock's PE ratio is 5.71. This takes into account the latest EPS of $1.6 and stock price of $9.13. The PE ratio marks an increase of 24% from its last 4 quarters average of 4.6.
The PE ratio of Ready Capital has averaged 8.68 over the last ten years. The current P/E ratio of 5.71 is 34% lower than the historical average. Looking back at the last ten years, RC's PE ratio peaked in the Jun 2020 quarter at 25.56, when the price was $8.69 and the EPS was $0.34. The lowest point was in the Sep 2014 quarter, when it reached 3.88 with a price of $17.26 and an EPS of $4.45.
Maximum annual increase: 71.35% in 2020
Maximum annual decrease: -53.16% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 4.56 | -29.19% |
| 2022 | 6.44 | -10.56% |
| 2021 | 7.2 | -53.16% |
| 2020 | 15.37 | 71.35% |
| 2019 | 8.97 | 19.28% |
| 2018 | 7.52 | -31.51% |
| 2017 | 10.98 | 51.03% |
| 2016 | 7.27 | -23.31% |
| 2015 | 9.48 | -34.62% |
| 2014 | 14.5 | -16.76% |
RC's current PE ratio is higher than the 3-year average, but it is lower than its 5 and 10-year averages.
RC's PE ratio stands lower than its peer stock LOAN.
| Stock name | PE ratio | Market cap |
|---|---|---|
| RC Ready Capital Corp | 5.83 | $1.57B |
| LOAN Manhattan Bridge Capital Inc | 10.5 | $60.05M |
As of Jul 25, 2024, RC stock has a price to earnings ratio of 5.71.
Over the last 3 years, the average price to earnings ratio for RC stock is 5.65.
Over the last 5 years, the average price to earnings ratio for RC stock is 8.41.
Over the last ten years, the quarterly PE ratio reached its highest level at 25.56 in the Jun 2020 quarter.
RC's price to earnings ratio is currently 34% below its 10-year historical average.
RC's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 25, 2024), Ready Capital's share price is $9.13. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.6. Therefore, Ready Capital's PE ratio for today is 5.71. PE RATIO(5.71) = STOCK PRICE($9.13) / TTM EPS($1.6)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.