P/E ratio for Alcoa (AA)
P/E ratio as of April 2023 (TTM): -57.6
According to Alcoa's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -57.5541. At the end of 2021 the company had a P/E ratio of 26.0.
P/E ratio history for Alcoa from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 26.0 | -202.72% |
| 2020 | -25.3 | |
| 2017 | 45.3 | -442.96% |
| 2016 | -13.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BHP Group BHP | 14.2 | -124.65% | 🇦🇺 Australia |
 Kaiser Aluminum
KALU | -220 | 281.69% | 🇺🇸 USA |
 Century Aluminum
CENX | -45.4 | -21.14% | 🇺🇸 USA |
 Aluminum Corporation of China 601600.SS | -44.0 | -23.62% | 🇨🇳 China |
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.