Action Construction Equipment
ACE.NS
#5237
Rank
$0.55 B
Marketcap
$4.64
Share price
-0.79%
Change (1 day)
60.00%
Change (1 year)

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
202224.712.3%
202122.0192.96%
20207.52-68.53%
201923.9-37.23%
201838.0-6.45%
201740.7-11.5%
201646.0-35.82%
201571.647.55%
201448.5144.62%
201319.878.68%
201211.110.78%
201110.0-40.53%
201016.9195.85%
20095.70-71.68%
200820.1-25.19%
200726.9

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.