P/E ratio for AdvanSix (ASIX)
P/E ratio as of April 2024 (TTM): 6.41
According to AdvanSix 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.41089. At the end of 2022 the company had a P/E ratio of 6.20.
P/E ratio history for AdvanSix from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.20 | -34.76% |
| 2021 | 9.51 | -21.53% |
| 2020 | 12.1 | -11.99% |
| 2019 | 13.8 | 23.86% |
| 2018 | 11.1 | 27.34% |
| 2017 | 8.73 | -55.98% |
| 2016 | 19.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Loop Industries
LOOP | -17.6 | -374.92% | 🇨🇦 Canada |
 Lightwave Logic LWLG | -20.2 | -414.57% | 🇺🇸 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.