P/E ratio for Westpac Banking (WBC.AX)
P/E ratio as of June 2024 (TTM): 9.25
According to Westpac Banking's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.25387. At the end of 2007 the company had a P/E ratio of 13.9.
P/E ratio history for Westpac Banking from 2001 to 2008
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2007 | 13.9 | -1.67% |
| 2006 | 14.1 | -4.88% |
| 2005 | 14.8 | -4.39% |
| 2004 | 15.5 | 20% |
| 2003 | 12.9 | 14.39% |
| 2002 | 11.3 | -22.82% |
| 2001 | 14.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Bank Of Canada RY | 14.1 | 52.08% | 🇨🇦 Canada |
 Citigroup C | 9.01 | -2.66% | 🇺🇸 USA |
 CIBC CM | 13.9 | 50.55% | 🇨🇦 Canada |
 Commonwealth Bank CBA.AX | N/A | N/A | 🇦🇺 Australia |
 ICICI Bank IBN | 19.1 | 106.42% | 🇮🇳 India |
 Barclays BCS | 6.55 | -29.20% | 🇬🇧 UK |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.