P/E ratio for Advantage Energy (AAV.TO)
P/E ratio as of April 2024 (TTM): 10.5
According to Advantage Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.4679. At the end of 2022 the company had a P/E ratio of 5.26.
P/E ratio history for Advantage Energy from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.26 | 53.91% |
| 2021 | 3.42 | -403.85% |
| 2020 | -1.13 | -94.83% |
| 2019 | -21.8 | -165.96% |
| 2018 | 33.0 | 211.67% |
| 2017 | 10.6 | -110.45% |
| 2016 | -101 | -287.39% |
| 2015 | 54.1 | -12.47% |
| 2014 | 61.8 | -126.8% |
| 2013 | -231 | 3789.69% |
| 2012 | -5.93 | 27.18% |
| 2011 | -4.66 | -117.23% |
| 2010 | 27.0 | -311.62% |
| 2009 | -12.8 |
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.