P/E ratio for Air New Zealand (ANZFF)
P/E ratio at the end of 2021: -9.81
According to Air New Zealand 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.77846. At the end of 2021 the company had a P/E ratio of -9.81.
P/E ratio history for Air New Zealand from 2013 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -9.81 | 79.44% |
| 2020 | -5.47 | -129.7% |
| 2019 | 18.4 | 19.51% |
| 2018 | 15.4 | -0.18% |
| 2017 | 15.4 | 98.72% |
| 2016 | 7.77 | -46.91% |
| 2015 | 14.6 | -1.47% |
| 2014 | 14.8 | 2.49% |
| 2013 | 14.5 |
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.