P/E ratio for Air Canada (AC.TO)
P/E ratio as of April 2024 (TTM): 3.03
According to Air Canada's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.03495. At the end of 2022 the company had a P/E ratio of -4.08.
P/E ratio history for Air Canada from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -4.08 | 99.37% |
| 2021 | -2.05 | 49.63% |
| 2020 | -1.37 | -115.54% |
| 2019 | 8.80 | -94.91% |
| 2018 | 173 | 4875.33% |
| 2017 | 3.48 | -18.83% |
| 2016 | 4.29 | -55.51% |
| 2015 | 9.63 | -71.6% |
| 2014 | 33.9 | -95.42% |
| 2013 | 741 | -21694.86% |
| 2012 | -3.43 | 215.41% |
| 2011 | -1.09 | -96.53% |
| 2010 | -31.4 |
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.