Meritage Hospitality Group Inc.

Meritage Hospitality Group Inc.verified

MHGU

Price:

$16.23

Market Cap:

$102.10M

Meritage Hospitality Group Inc. operates quick-service and casual dining restaurants. The company operates restaurants under the Wendy's, Morning Belle, Stan's Tacos, Freighters Eatery & Taproom, and Twisted Roosters brand names. As of January 2, 2022, it operated 337 restaurants in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia. The company was formerly known as Thomas Edison Inns, Inc. and changed its name to Meritage Hospitality Group Inc. in May 1996. Meritage Hospitality Group Inc. was incorporated in 1986 and is headquartered in Grand Rapids, Michigan.[Read more]

Industry

Restaurants

IPO Date

1999-09-27

Stock Exchange

PNK

Ticker

MHGU

The PE Ratio as of September 2024 (TTM) for Meritage Hospitality Group Inc. (MHGU) is 30.62

According to Meritage Hospitality Group Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 30.62. This represents a change of -107.27% compared to the average of -421.14 of the last 4 quarters.

Meritage Hospitality Group Inc. (MHGU) Historical PE Ratio (quarterly & annually)

How has MHGU PE Ratio performed in the past?

The mean historical PE Ratio of Meritage Hospitality Group Inc. over the last ten years is 11.43. The current 30.62 PE Ratio has changed 26.70% with respect to the historical average. Over the past ten years (40 quarters), MHGU's PE Ratio was at its highest in in the March 2016 quarter at 26.38. The PE Ratio was at its lowest in in the September 2023 quarter at -1737.07.

Quarterly (TTM)
Annual

Average

11.43

Median

10.40

Minimum

8.26

Maximum

20.40

Meritage Hospitality Group Inc. (MHGU) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Meritage Hospitality Group Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 80.84%

Maximum Annual PE Ratio = 20.40

Minimum Annual Increase = -37.43%

Minimum Annual PE Ratio = 8.26

Quarterly (TTM)
Annual
YearPE RatioChange
202320.4036.56%
202214.9480.84%
20218.26-0.59%
20208.31-20.60%
201910.4724.30%
20188.42-37.43%
201713.4630.19%
201610.3414.24%
20159.05-14.92%
201410.6331.59%

Meritage Hospitality Group Inc. (MHGU) Average PE Ratio

How has MHGU PE Ratio performed in the past?

The current PE Ratio of Meritage Hospitality Group Inc. (MHGU) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

14.53

5-year avg

12.48

10-year avg

11.43

Meritage Hospitality Group Inc. (MHGU) PE Ratio vs. Peers

How is MHGU’s PE Ratio compared to its peers?

Meritage Hospitality Group Inc.’s PE Ratio is greater than IEH Corporation (-17.73), greater than Noble Roman's, Inc. (16.26), greater than Flanigan's Enterprises, Inc. (16.00), greater than Crawford United Corporation (10.91), greater than Capital Properties, Inc. (28.39),

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