P/E ratio for Acerinox (ACX.MC)
P/E ratio as of April 2024 (TTM): 11.2
According to Acerinox's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.1685. At the end of 2022 the company had a P/E ratio of 4.32.
P/E ratio history for Acerinox from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.32 | -19.96% |
| 2021 | 5.40 | -89.38% |
| 2020 | 50.8 | -213.85% |
| 2019 | -44.6 | -747.35% |
| 2018 | 6.89 | -50.85% |
| 2017 | 14.0 | -67.79% |
| 2016 | 43.5 | -20.87% |
| 2015 | 55.0 | 131.47% |
| 2014 | 23.8 | -77.7% |
| 2013 | 107 | -211.58% |
| 2012 | -95.6 | -244.79% |
| 2011 | 66.0 | 149.25% |
| 2010 | 26.5 |
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.