P/E ratio for Argan SA (ARG.PA)
P/E ratio at the end of 2022: 18.4
According to Argan SA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.4106. At the end of 2022 the company had a P/E ratio of 18.4.
P/E ratio history for Argan SA from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.4 | 385.34% |
| 2021 | 3.79 | -36.14% |
| 2020 | 5.93 | -2.84% |
| 2019 | 6.11 | 31.06% |
| 2018 | 4.66 | -19.52% |
| 2017 | 5.79 | 50.01% |
| 2016 | 3.86 | -34.03% |
| 2015 | 5.85 | -3.95% |
| 2014 | 6.09 | 9.82% |
| 2013 | 5.55 | 8.16% |
| 2012 | 5.13 | -14.17% |
| 2011 | 5.97 | 123.42% |
| 2010 | 2.67 | -189.2% |
| 2009 | -3.00 |
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.