How should the TPC historical PE ratio be determined?
Realizing that PE stands for Price to Earnings ratio, we need two values to compute it: stock price and earnings per share. The stock price at any given date is a known historical value, but what about the earnings number to use?
✔️Accepted answer:
There are a number of different approaches when it comes to calculating a historical PE ratio for a company like Tutor Perini. We like to take our measurements on each of the past quarterly earnings reports. That only leaves the question of whether the earnings number at that quarterly report should be used on an annualized basis, or some other method. We approach this question using three different methods, on this TPC Historical PE Ratio page.
What is the average historical PE for TPC based on annualized quarterly earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use that quarter's earnings result annualized?
✔️Accepted answer:
The TPC historical PE ratio using the annualized quarterly earnings method works out to 12.6.
What is the average historical PE for TPC based on trailing twelve month earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the trailing twelve months combined earnings result in the calculation?
✔️Accepted answer:
The TPC historical PE ratio using the TTM earnings method works out to 10.6.
On this page we presented the
TPC Historical PE Ratio information for Tutor Perini' stock.
The average TPC historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 12.6. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average TPC historical PE based on this TTM earnings result method is 10.6. Note: any PE calculations resulting in a value exceeding 500 were discarded as not meaningful. Note: any PE calculations involving negative earnings were discarded as not meaningful.
Let's now compare this TPC historical PE result, against the recent PE: when this page was posted on 11/7/2024, the most recent closing price for TPC had been 33.24, and the most recent quarterly earnings result, annualized, was 0.76. Meanwhile, the most recent TTM earnings summed to 1.06. From these numbers, we calculate the recent TPC PE on 11/7/2024 based on annualized quarterly EPS was 43.7. Based on TPC's history, that recent PE is elevated relative to the historical average, with the recent PE 246.8% higher than the historical average PE across our data set for Tutor Perini. Looking at the recent TPC PE on 11/7/2024 based on TTM EPS, we calculate the ratio at 31.4. Based on TPC's history, that recent PE is elevated relative to the historical average, with the recent PE 196.2% higher than the historical average PE across our Tutor Perini data set with TTM EPS used in the calculation at each period.
For self directed investors doing their due diligence on TPC or any other given stock, valuation analysis for TPC
can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis
as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.
That's why we bring you
HistoricalPERatio.com to make it easy for investors to investigate
Tutor Perini PE history or the past PE information for any stock in our coverage universe.
And in your continued research we hope you will be sure to check out the further links included for earnings
surprises history (beat/miss data) as well as next earnings dates for TPC. Thanks for visiting, and the next
time you need to research
TPC Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your
go-to historical PE ratio research resource of choice.