Richards Packaging Income Fund P/E
What is the P/E of Richards Packaging Income Fund?
The P/E of Richards Packaging Income Fund is 21.92
What is the definition of P/E?
Price to earnings ratio is the ratio of a company’s stock price to the company’s earnings per share calculated over trailing twelve months.
= previous day’s close / ttm EPS
The price to earnings ratio is the most widely used method for determining whether shares are accurately valued in relation to one another. But the P/E ratio does not in itself indicate whether the share is a bargain. The P/E ratio depends on the market’s perception of the risk and future growth in earnings. A company with a low P/E ratio indicates that the market perceives it as a higher risk or a lower growth or both as compared to a company with a higher price to earnings ratio. The P/E ratio of a listed company’s stock is the result of the collective perception of the market as to how risky the company is and what its earnings growth prospects are in relation to that of other companies. Investors use the P/E ratio to compare their own perception of the risk and growth of a company against the market’s collective perception of the risk and growth as reflected in the current P/E ratio.
P/E of companies in the Materials sector on TSX compared to Richards Packaging Income Fund
What does Richards Packaging Income Fund do?
Richards Packaging Income Fund, together with its subsidiaries, manufactures and distributes packaging and related products in Canada and the United States. It offers plastic, glass, and metal containers and closures. The company also offers design and development, and logistics management services. It serves food and beverage, healthcare, cosmetics, industrial, and pharmaceutical sectors. Richards Packaging Income Fund was founded in 1912 and is based in Mississauga, Canada.
Companies with p/e similar to Richards Packaging Income Fund
- Muthoot Finance has P/E of 21.89
- ITOCHU has P/E of 21.89
- The Karur Vysya Bank has P/E of 21.91
- Boiron SA has P/E of 21.91
- Aquis Exchange PLC has P/E of 21.91
- Hormel Foods has P/E of 21.92
- Richards Packaging Income Fund has P/E of 21.92
- Krones AG has P/E of 21.93
- Daejan Plc has P/E of 21.93
- Munjal Auto Industries has P/E of 21.94
- Smartpay has P/E of 21.94
- Kaveri Seed has P/E of 21.95
- China Wan Tong Yuan () has P/E of 21.95