Action Construction Equipment
ACE.NS
#4446
Rank
$1.57 B
Marketcap
$13.22
Share price
-1.13%
Change (1 day)
193.13%
Change (1 year)

P/E ratio for Action Construction Equipment (ACE.NS)

P/E ratio as of February 2024 (TTM): 66.9

According to Action Construction Equipment's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 66.8798. At the end of 2022 the company had a P/E ratio of 22.7.

P/E ratio history for Action Construction Equipment from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202222.7-3.94%
202123.6-16.94%
202028.469.31%
201916.8

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.