TrueBlue, Inc. (TBI) P/E Ratio History
Deep ValueTrading at -4.2x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 1997–2023
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P/E Ratio Analysis
As of June 22, 2026, TrueBlue, Inc. (TBI) trades at a price-to-earnings ratio of -4.2x, with a stock price of $6.70 and trailing twelve-month earnings per share of $-1.77.
The current P/E is 123% below its 5-year average of 18.0x. Over the past five years, TBI's P/E has ranged from a low of 8.3x to a high of 48.5x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.6x, TBI trades at a 116% discount to its sector peers. The sector includes 403 companies with P/E ratios ranging from 0.1x to 198.8x.
Relative to the broader market, TBI trades at a notable discount to the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our TBI DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
TBI Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
TBI P/E vs Peers
Outsourced Recruitment and Workforce Management peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4B | 15.5 | 0.80 | +42% | |
| $1B | 143.9 | - | -84% | |
| $895M | 8.1 | - | -32% | |
| $830M | 23.2 | - | -25% | |
| $2B | 6.6Lowest | 0.14Best | +180%Best | |
| $88B | 21.9 | 1.85 | +10% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
TBI Historical P/E Data (1997–2023)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2023 Q2 | Jun 25 2023 | $17.69 | $0.47 | 37.6x | +24% |
| FY2023 Q1 | Mar 26 2023 | $17.08 | $1.43 | 11.9x | -61% |
| FY2022 Q4 | Dec 31 2022 | $19.58 | $1.86 | 10.5x | -65% |
| FY2022 Q3 | Sep 25 2022 | $19.51 | $2.22 | 8.8x | -71% |
| FY2022 Q2 | Jun 26 2022 | $17.65 | $2.12 | 8.3x | -73% |
| FY2022 Q1 | Mar 27 2022 | $29.38 | $1.85 | 15.9x | -48% |
| FY2021 Q4 | Dec 31 2021 | $27.67 | $1.75 | 15.8x | -48% |
| FY2021 Q3 | Sep 26 2021 | $28.00 | $1.41 | 19.9x | -35% |
| FY2021 Q2 | Jun 27 2021 | $29.52 | $1.13 | 26.1x | -14% |
| FY2021 Q1 | Mar 28 2021 | $21.81 | $0.45 | 48.5x | +60% |
| FY2019 Q4 | - | $24.06 | $1.61 | 14.9x | -51% |
| FY2019 Q3 | Sep 29 2019 | $21.10 | $1.75 | 12.1x | -60% |
| FY2019 Q2 | Jun 30 2019 | $22.06 | $1.68 | 13.1x | -57% |
| FY2019 Q1 | Mar 31 2019 | $23.64 | $1.63 | 14.5x | -52% |
| FY2018 Q4 | Dec 31 2018 | $22.25 | $1.64 | 13.6x | -55% |
| FY2018 Q3 | Sep 30 2018 | $26.05 | $1.67 | 15.6x | -49% |
| FY2018 Q2 | Jul 01 2018 | $26.95 | $1.57 | 17.2x | -43% |
| FY2018 Q1 | Apr 01 2018 | $25.90 | $1.44 | 18.0x | -41% |
| FY2017 Q4 | Dec 31 2017 | $27.50 | $1.33 | 20.7x | -32% |
| FY2017 Q3 | Oct 01 2017 | $22.45 | $1.36 | 16.5x | -46% |
| FY2017 Q2 | Jul 02 2017 | $26.50 | $1.41 | 18.8x | -38% |
| FY2016 Q1 | Mar 25 2016 | $24.40 | $1.74 | 14.0x | -54% |
| FY2015 Q4 | - | $25.76 | $1.71 | 15.1x | -50% |
| FY2015 Q3 | Sep 25 2015 | $23.14 | $1.69 | 13.7x | -55% |
| FY2015 Q2 | Jun 26 2015 | $30.89 | $1.72 | 18.0x | -41% |
| FY2015 Q1 | Mar 27 2015 | $24.70 | $1.69 | 14.6x | -52% |
| FY2014 Q4 | Dec 31 2014 | $22.25 | $1.59 | 14.0x | -54% |
| FY2014 Q3 | Sep 26 2014 | $25.45 | $1.30 | 19.6x | -35% |
| FY2014 Q2 | Jun 27 2014 | $27.48 | $1.26 | 21.8x | -28% |
| FY2014 Q1 | Mar 28 2014 | $28.79 | $1.18 | 24.4x | -20% |
| FY2013 Q4 | - | $25.78 | $1.11 | 23.2x | -24% |
| FY2013 Q3 | Sep 27 2013 | $24.23 | $0.94 | 25.7x | -15% |
| FY2013 Q2 | Jun 28 2013 | $21.05 | $0.83 | 25.3x | -17% |
| FY2013 Q1 | Mar 29 2013 | $21.14 | $0.78 | 27.0x | -11% |
| FY2012 Q4 | Dec 31 2012 | $15.75 | $0.85 | 18.5x | -39% |
| FY2012 Q3 | Sep 28 2012 | $15.72 | $0.85 | 18.5x | -39% |
| FY2012 Q2 | Jun 29 2012 | $15.48 | $0.82 | 18.9x | -38% |
| FY2012 Q1 | Mar 30 2012 | $17.88 | $0.76 | 23.5x | -22% |
| FY2011 Q4 | Dec 31 2011 | $13.88 | $0.74 | 18.8x | -38% |
| FY2011 Q3 | Sep 30 2011 | $11.33 | $0.64 | 17.7x | -42% |
| FY2011 Q2 | Jul 01 2011 | $14.78 | $0.54 | 27.4x | -10% |
| FY2011 Q1 | Apr 01 2011 | $17.03 | $0.52 | 32.8x | +8% |
| FY2010 Q4 | Dec 31 2010 | $17.99 | $0.45 | 40.2x | +33% |
| FY2010 Q3 | Sep 24 2010 | $13.25 | $0.41 | 32.6x | +7% |
| FY2010 Q2 | Jun 25 2010 | $12.12 | $0.37 | 33.1x | +9% |
| FY2010 Q1 | Mar 26 2010 | $15.75 | $0.28 | 56.9x | +88% |
| FY2009 Q4 | - | $14.81 | $0.21 | 70.9x | +134% |
| FY2008 Q3 | Sep 26 2008 | $16.14 | $1.30 | 12.4x | -59% |
| FY2008 Q2 | Jun 27 2008 | $13.47 | $1.43 | 9.4x | -69% |
| FY2008 Q1 | Mar 28 2008 | $13.67 | $1.45 | 9.4x | -69% |
| FY2007 Q4 | Dec 31 2007 | $14.48 | $1.46 | 9.9x | -67% |
| FY2007 Q3 | Sep 28 2007 | $18.51 | $1.57 | 11.8x | -61% |
| FY2007 Q2 | Jun 29 2007 | $23.11 | $1.54 | 15.0x | -51% |
| FY2007 Q1 | Mar 30 2007 | $18.99 | $1.48 | 12.8x | -58% |
| FY2006 Q4 | Dec 31 2006 | $18.33 | $1.48 | 12.4x | -59% |
| FY2006 Q3 | Sep 29 2006 | $15.93 | $1.32 | 12.1x | -60% |
| FY2006 Q2 | Jun 30 2006 | $22.65 | $1.24 | 18.3x | -40% |
| FY2006 Q1 | Mar 31 2006 | $23.95 | $1.19 | 20.1x | -34% |
| FY2005 Q4 | Dec 31 2005 | $20.82 | $1.17 | 17.8x | -41% |
| FY2005 Q3 | Sep 30 2005 | $25.65 | $1.08 | 23.8x | -22% |
| FY2005 Q2 | Jul 01 2005 | $23.04 | $0.99 | 23.3x | -23% |
| FY2005 Q1 | Apr 01 2005 | $18.51 | $0.90 | 20.6x | -32% |
| FY2004 Q4 | Dec 31 2004 | $16.92 | $0.73 | 23.2x | -24% |
| FY2004 Q3 | Oct 01 2004 | $14.39 | $0.66 | 21.8x | -28% |
| FY2004 Q2 | Jul 02 2004 | $14.43 | $0.57 | 25.3x | -17% |
| FY2004 Q1 | Apr 02 2004 | $37.58 | $0.48 | 78.3x | +158% |
| FY2003 Q4 | Dec 31 2003 | $32.25 | $0.38 | 84.8x | +180% |
| FY2003 Q3 | Sep 26 2003 | $25.23 | $0.34 | 74.1x | +144% |
| FY2003 Q2 | Jun 27 2003 | $7.00 | $0.30 | 23.3x | -23% |
| FY2003 Q1 | Mar 28 2003 | $5.82 | $0.26 | 22.4x | -26% |
| FY2002 Q4 | - | $6.42 | $0.25 | 25.5x | -16% |
| FY2002 Q3 | Sep 27 2002 | $5.70 | $0.21 | 27.4x | -9% |
| FY2002 Q2 | Jun 28 2002 | $5.85 | $0.22 | 26.9x | -11% |
| FY2002 Q1 | Mar 29 2002 | $7.80 | $0.21 | 37.6x | +24% |
| FY2001 Q4 | Dec 31 2001 | $5.11 | $0.22 | 23.0x | -24% |
| FY2001 Q3 | Sep 28 2001 | $3.19 | $0.24 | 13.4x | -56% |
| FY2001 Q2 | Jun 29 2001 | $5.24 | $0.24 | 22.1x | -27% |
| FY2001 Q1 | Mar 30 2001 | $3.15 | $0.22 | 14.5x | -52% |
| FY2000 Q4 | Dec 31 2000 | $3.31 | $0.24 | 14.0x | -54% |
| FY2000 Q3 | Sep 29 2000 | $4.19 | $0.25 | 17.0x | -44% |
| FY2000 Q2 | Jun 30 2000 | $6.63 | $0.28 | 23.9x | -21% |
| FY2000 Q1 | Mar 31 2000 | $9.88 | $0.43 | 23.1x | -24% |
| FY1999 Q4 | Dec 31 1999 | $12.13 | $0.56 | 21.6x | -29% |
| FY1999 Q3 | Oct 01 1999 | $10.00 | $0.71 | 14.1x | -54% |
| FY1999 Q2 | Jul 02 1999 | $20.71 | $0.62 | 33.4x | +10% |
| FY1999 Q1 | Apr 02 1999 | $17.33 | $0.47 | 36.6x | +21% |
| FY1998 Q4 | - | $13.13 | $0.40 | 33.0x | +9% |
| FY1998 Q3 | Oct 02 1998 | $9.71 | $0.25 | 39.2x | +29% |
| FY1998 Q2 | Jul 03 1998 | $21.83 | $0.14 | 151.2x | +399% |
| FY1998 Q1 | Apr 03 1998 | $14.44 | $0.10 | 144.4x | +376% |
| FY1997 Q4 | Dec 31 1997 | $8.56 | $0.08 | 112.1x | +270% |
| FY1997 Q3 | Sep 26 1997 | $6.52 | $0.02 | 308.9x | +919% |
Average P/E for displayed period: 30.3x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
29+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
TBI — Frequently Asked Questions
Quick answers to the most common questions about buying TBI stock.
What is TBI's P/E ratio?
TrueBlue, Inc. (TBI) trailing twelve-month P/E ratio is -4.2x, based on TTM diluted EPS of $-1.77. The 5-year average P/E is 18.0x and the historical range spans 8.3x to 48.5x.
Is TBI stock overvalued or undervalued?
TBI trades at -4.2x P/E, below its 5-year average of 18.0x. At the 0th percentile of its historical range (8.3x–48.5x), the stock is priced at a discount to its own history.
Is TBI stock expensive?
No, TBI is not expensive on a historical basis. The current P/E of -4.2x is below the 5-year average of 18.0x and sits at the 0th percentile of its valuation range.
What is TBI's historical P/E range?
Over the past 5 years, TBI's P/E ratio has ranged from 8.3x to 48.5x, with a median of 15.8x and an average of 18.0x. The current P/E of -4.2x places the stock at the 0th percentile of this range. Full historical data spans 1997–2023.
How does TBI's P/E compare to the S&P 500?
TBI trades at -4.2x P/E versus the S&P 500 median of 24.4x. The 117% discount to the market suggests lower growth expectations or perceived higher risk.
How does TBI's valuation compare to Industrials peers?
TrueBlue, Inc. P/E of -4.2x compares to the Industrials sector median of 25.6x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is TBI's PEG ratio?
TBI PEG ratio is N/A, based on a P/E of -4.2x and EPS growth of 61.4%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is TBI's earnings yield?
TBI earnings yield is N/A, the inverse of its -4.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.