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Greystone Logistics (Greystone Logistics) PE Ratio

: 7.29 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-04-23), Greystone Logistics's share price is $1.02. Greystone Logistics's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2024 was $0.14. Therefore, Greystone Logistics's PE Ratio for today is 7.29.


The historical rank and industry rank for Greystone Logistics's PE Ratio or its related term are showing as below:

GLGI' s PE Ratio Range Over the Past 10 Years
Min: 3   Med: 7.24   Max: 155
Current: 7.29


During the past 13 years, the highest PE Ratio of Greystone Logistics was 155.00. The lowest was 3.00. And the median was 7.24.


GLGI's PE Ratio is ranked better than
92.3% of 1156 companies
in the Chemicals industry
Industry Median: 22.345 vs GLGI: 7.29

Greystone Logistics's Earnings per Share (Diluted) for the three months ended in Feb. 2024 was $0.01. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2024 was $0.14.

As of today (2024-04-23), Greystone Logistics's share price is $1.02. Greystone Logistics's EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2024 was $0.14. Therefore, Greystone Logistics's PE Ratio without NRI for today is 7.29.

During the past 13 years, Greystone Logistics's highest PE Ratio without NRI was 155.00. The lowest was 3.00. And the median was 9.23.

Greystone Logistics's EPS without NRI for the three months ended in Feb. 2024 was $0.01. Its EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2024 was $0.14.

During the past 12 months, Greystone Logistics's average EPS without NRI Growth Rate was -15.70% per year. During the past 3 years, the average EPS without NRI Growth Rate was 7.60% per year. During the past 5 years, the average EPS without NRI Growth Rate was 22.10% per year. During the past 10 years, the average EPS without NRI Growth Rate was 18.30% per year.

During the past 13 years, Greystone Logistics's highest 3-Year average EPS without NRI Growth Rate was 171.40% per year. The lowest was -71.10% per year. And the median was 16.05% per year.

Greystone Logistics's EPS (Basic) for the three months ended in Feb. 2024 was $0.01. Its EPS (Basic) for the trailing twelve months (TTM) ended in Feb. 2024 was $0.15.


Greystone Logistics PE Ratio Historical Data

The historical data trend for Greystone Logistics's PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Greystone Logistics Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.20 6.07 12.60 6.04 4.20

Greystone Logistics Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.17 4.20 4.95 3.80 10.09

Competitive Comparison

For the Specialty Chemicals subindustry, Greystone Logistics's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Greystone Logistics PE Ratio Distribution

For the Chemicals industry and Basic Materials sector, Greystone Logistics's PE Ratio distribution charts can be found below:

* The bar in red indicates where Greystone Logistics's PE Ratio falls into.



Greystone Logistics PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Greystone Logistics's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=1.02/0.140
=7.29

Greystone Logistics's Share Price of today is $1.02.
Greystone Logistics's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.14.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Greystone Logistics  (OTCPK:GLGI) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Greystone Logistics PE Ratio Related Terms

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Greystone Logistics (Greystone Logistics) Business Description

Traded in Other Exchanges
N/A
Address
1613 East 15th Street, Tulsa, OK, USA, 74120
Greystone Logistics Inc is engaged in the business of manufacturing and selling plastic pallets utilizing recycled plastic. Its products include rackable pallet, can pallet, display pallet, monoblock pallet, rackable pallet, drum pallet, and a mid-duty pallet of different sizes and specifications. The company sells its products through one of its subsidiaries and a network of contractor distributors and direct sales.
Executives
Drew T. Lockard director 4436 POTOMAC AVENUE, DALLAS TX 75205
Warren F Kruger officer: President 1613 E. 15TH STREET, TULSA OK 74120
Larry J. Lebarre director 7518 MIDDLEWOOD, HOUSTON TX 77063
William W Rahhal officer: Chief Financial Officer 1613 E. 15TH STREET, TULSA OK 74120
Paul Kruger 10 percent owner 1801 GATEWAY BLVD.,, SUITE 105, RICHARDSON TX 75080
Bob L Moore director, officer: President & CEO 1613 E 15 ST, TULSA OK 74120
Glog Investment Llc director, 10 percent owner 1613 E 15 ST, TULSA OK 74120
Robert Howard Nelson officer: CFO & COO 1613 EAST 15TH STREET, TULSA OK 74120
Marshall S Cogan director 767 THIRD AVENUE 15TH FLOOR, NEW YORK NY 10017
Rosene Robert B Jr director 3226 E. 62ND STREET, TULSA OK 74136
Westgate Capital Co Llc 10 percent owner
Westgate Investments L P 10 percent owner 1613 EAST 15TH STREET, TULSA OK 74120