Air Canada
AC.TO
#2958
Rank
$4.47 B
Marketcap
$12.48
Share price
0.47%
Change (1 day)
-5.58%
Change (1 year)

P/E ratio for Air Canada (AC.TO)

P/E ratio as of October 2024 (TTM): 2.66

According to Air Canada's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.65831. 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
2022-4.0899.37%
2021-2.0549.63%
2020-1.37-115.54%
20198.80-94.91%
20181734875.33%
20173.48-18.83%
20164.29-55.51%
20159.63-71.6%
201433.9-95.42%
2013741-21694.86%
2012-3.43215.41%
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.