Albemarle
ALB
#704
Rank
$25.14 B
Marketcap
$214.28
Share price
0.55%
Change (1 day)
-16.88%
Change (1 year)
Albemarle Corporation is an American chemical company that produces lithium chemicals and flame retardants.

P/E ratio for Albemarle (ALB)

P/E ratio as of June 2023 (TTM): 6.79

According to Albemarle's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.79343. At the end of 2021 the company had a P/E ratio of 214.

P/E ratio history for Albemarle from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021214413.2%
202041.8187.8%
201914.520.21%
201812.1-95.47%
20172661670.47%
201615.0-19.66%
201518.7-47.35%
201435.6178.4%
201312.8-34.99%
201219.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
13.0 91.62%๐Ÿ‡บ๐Ÿ‡ธ USA
7.19 5.79%๐Ÿ‡บ๐Ÿ‡ธ USA
7.70 13.42%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
2.26-66.77%๐Ÿ‡ง๐Ÿ‡ท Brazil
13.4 96.86%๐Ÿ‡บ๐Ÿ‡ธ 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.