Garrett Motion Inc. (GTX) (the turbocharger and electric boosting technology company) currently has a reported price to earnings ratio of just over 1. This number is bound to attract attention, although it is a trailing number and not a forward looking projection. We invariably try to take a company's trailing numbers with a pinch of salt. Just because Garrett Motion, for example, has reported elevated earnings over the past four quarters does not necessarily mean that this trend will continue.
In fact, if we go the company's earnings statement, we can see that