P/E ratio for Air Canada (AC.TO)
P/E ratio as of May 2023 (TTM): -2.97
According to Air Canada's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.97474. At the end of 2021 the company had a P/E ratio of -2.08.
P/E ratio history for Air Canada from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -2.08 | 47.85% |
| 2020 | -1.41 | -115.87% |
| 2019 | 8.87 | -79.06% |
| 2018 | 42.3 | 1123.86% |
| 2017 | 3.46 | -20.02% |
| 2016 | 4.33 | -55.13% |
| 2015 | 9.64 | -71.33% |
| 2014 | 33.6 | -91% |
| 2013 | 374 | 9552.25% |
| 2012 | 3.87 | -459.6% |
| 2011 | -1.08 | -111.92% |
| 2010 | 9.03 |
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.