P/E ratio for Ardmore Shipping (ASC)
P/E ratio as of June 2024 (TTM): 5.10
According to Ardmore Shipping 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.09978. At the end of 2022 the company had a P/E ratio of 4.15.
P/E ratio history for Ardmore Shipping from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.15 | -237.61% |
| 2021 | -3.02 | -83.39% |
| 2020 | -18.2 | 38.51% |
| 2019 | -13.1 | 265.11% |
| 2018 | -3.59 | -82.94% |
| 2017 | -21.1 | -159.74% |
| 2016 | 35.2 | 240.75% |
| 2015 | 10.3 | -94.99% |
| 2014 | 206 | -397.02% |
| 2013 | -69.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 DHT Holdings DHT | 12.2 | 139.42% | 🇧🇲 Bermuda |
 Golar LNG Partners GMLP | N/A | N/A | 🇧🇲 Bermuda |
 Golar LNG
GLNG | 26.1 | 412.20% | 🇧🇲 Bermuda |
 Teekay Tankers TNK | 4.69 | -7.98% | 🇨🇦 Canada |
 Teekay TK | 6.07 | 19.10% | 🇨🇦 Canada |
 SFL Corp
SFL | 14.9 | 191.27% | 🇧🇲 Bermuda |
 Nordic American Tankers NAT | 7.26 | 42.42% | 🇧🇲 Bermuda |
 Frontline FRO | 7.54 | 47.78% | 🇧🇲 Bermuda |
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.