P/E ratio for African Rainbow Minerals (ARI.JO)
P/E ratio at the end of 2022: 2.96
According to African Rainbow Minerals's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.72913. At the end of 2022 the company had a P/E ratio of 2.96.
P/E ratio history for African Rainbow Minerals from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.96 | -1.66% |
| 2021 | 3.01 | -59.89% |
| 2020 | 7.51 | -2.46% |
| 2019 | 7.70 | 131.49% |
| 2018 | 3.33 | -57.08% |
| 2017 | 7.75 | -130.44% |
| 2016 | -25.5 | -122.01% |
| 2015 | 116 | 1561.58% |
| 2014 | 6.96 | -34.02% |
| 2013 | 10.5 | 135.76% |
| 2012 | 4.47 | 4.32% |
| 2011 | 4.29 | -44.59% |
| 2010 | 7.74 | 90.6% |
| 2009 | 4.06 | -26.6% |
| 2008 | 5.53 | -29.98% |
| 2007 | 7.90 | 30.01% |
| 2006 | 6.08 | 18.88% |
| 2005 | 5.11 | 299.29% |
| 2004 | 1.28 | -116.13% |
| 2003 | -7.94 | 70.15% |
| 2002 | -4.67 | -131.73% |
| 2001 | 14.7 |
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.