P/E ratio for Albemarle (ALB)
P/E ratio as of April 2024 (TTM): 4.06
According to Albemarle's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.06453. At the end of 2022 the company had a P/E ratio of 9.45.
P/E ratio history for Albemarle from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.45 | -95.6% |
| 2021 | 214 | 413.2% |
| 2020 | 41.8 | 187.8% |
| 2019 | 14.5 | 20.21% |
| 2018 | 12.1 | -95.47% |
| 2017 | 266 | 1670.47% |
| 2016 | 15.0 | -19.66% |
| 2015 | 18.7 | -47.35% |
| 2014 | 35.6 | 178.4% |
| 2013 | 12.8 | -34.99% |
| 2012 | 19.7 | 64.87% |
| 2011 | 11.9 | -25.82% |
| 2010 | 16.1 | -13.81% |
| 2009 | 18.7 | 77.31% |
| 2008 | 10.5 | -38.54% |
| 2007 | 17.1 | -28.25% |
| 2006 | 23.9 | 53.63% |
| 2005 | 15.5 | -47.06% |
| 2004 | 29.3 | 67.32% |
| 2003 | 17.5 | 7.19% |
| 2002 | 16.4 | 1.51% |
| 2001 | 16.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dow DOW | 31.0 | 661.89% | 🇺🇸 USA |
 Exxon Mobil XOM | 12.0 | 195.75% | 🇺🇸 USA |
 Westlake Chemical
WLK | 15.9 | 291.92% | 🇺🇸 USA |
 W. R. Grace GRA | N/A | N/A | 🇺🇸 USA |
 Petrobras PBR | 0.8189 | -79.85% | 🇧🇷 Brazil |
 Huntsman Corporation
HUN | 51.0 | 1,155.81% | 🇺🇸 USA |
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.