P/E ratio for Advanced Drainage Systems (WMS)
P/E ratio as of May 2024 (TTM): 27.0
According to Advanced Drainage Systems 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.99. At the end of 2022 the company had a P/E ratio of 14.6.
P/E ratio history for Advanced Drainage Systems from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.6 | -68.93% |
| 2021 | 46.9 | 35.92% |
| 2020 | 34.5 | -426.34% |
| 2019 | -10.6 | -148.01% |
| 2018 | 22.0 | -29.75% |
| 2017 | 31.4 | 8.16% |
| 2016 | 29.0 | -50.5% |
| 2015 | 58.6 | -619.55% |
| 2014 | -11.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 24.3 | -10.13% | 🇺🇸 USA |
 Raven Industries RAVN | N/A | N/A | 🇺🇸 USA |
 Protolabs PRLB | -7.77 | -128.77% | 🇺🇸 USA |
 Rogers Corporation
ROG | 22.3 | -17.36% | 🇺🇸 USA |
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.