P/E ratio for 3P Learning (3PL.AX)
P/E ratio at the end of 2023: 43.4
According to 3P Learning's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.8587. At the end of 2023 the company had a P/E ratio of 43.4.
P/E ratio history for 3P Learning from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 43.4 | -107.68% |
| 2022 | -565 | 3231.55% |
| 2021 | -16.9 | -125.05% |
| 2020 | 67.7 | 229.1% |
| 2019 | 20.6 | -372.29% |
| 2018 | -7.55 | -53.16% |
| 2017 | -16.1 | -171.65% |
| 2016 | 22.5 | -60.96% |
| 2015 | 57.6 | 40.07% |
| 2014 | 41.1 |
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.