P/E ratio for Action Construction Equipment (ACE.NS)
P/E ratio as of March 2023 (TTM): 29.1
According to Action Construction Equipment's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.1327. At the end of 2022 the company had a P/E ratio of 24.7.
P/E ratio history for Action Construction Equipment from 2018 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.7 | 12.3% |
| 2021 | 22.0 | 192.96% |
| 2020 | 7.52 | -68.53% |
| 2019 | 23.9 | -37.23% |
| 2018 | 38.0 | -6.45% |
| 2017 | 40.7 | -11.5% |
| 2016 | 46.0 | -35.82% |
| 2015 | 71.6 | 47.55% |
| 2014 | 48.5 | 144.62% |
| 2013 | 19.8 | 78.68% |
| 2012 | 11.1 | 10.78% |
| 2011 | 10.0 | -40.53% |
| 2010 | 16.9 | 195.85% |
| 2009 | 5.70 | -71.68% |
| 2008 | 20.1 | -25.19% |
| 2007 | 26.9 |
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.