Acast AB
ACAST.ST
#7771
Rank
$0.25 B
Marketcap
$1.41
Share price
2.30%
Change (1 day)
45.59%
Change (1 year)
Categories

P/E ratio for Acast AB (ACAST.ST)

P/E ratio as of December 2024 (TTM): -206

According to Acast AB's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -206.203. At the end of 2023 the company had a P/E ratio of -10.1.

P/E ratio history for Acast AB from 2021 to 2024

PE ratio at the end of each year

Year P/E ratio Change
2023-10.1144.58%
2022-4.13-65.83%
2021-12.1

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.