P/E ratio for Academy Sports (ASO)
P/E ratio as of April 2024 (TTM): 8.09
According to Academy Sports 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.09169. At the end of 2022 the company had a P/E ratio of 7.21.
P/E ratio history for Academy Sports from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.21 | 11.14% |
| 2021 | 6.48 | -12.91% |
| 2020 | 7.45 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Sportsman's Warehouse SPWH | 25.5 | 215.14% | 🇺🇸 USA |
 Dick's Sporting Goods
DKS | 15.7 | 94.25% | 🇺🇸 USA |
 Hibbett Sports
HIBB | 8.10 | 0.11% | 🇺🇸 USA |
 Big 5 Sporting Goods BGFV | 17.8 | 120.27% | 🇺🇸 USA |
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.