Alcoa
AA
#2046
Rank
$7.25 B
Marketcap
$40.40
Share price
3.64%
Change (1 day)
15.73%
Change (1 year)
Categories
Alcoa Corporation, acronym for "ALuminum COmpany of America") is one of the world's largest producer of aluminum.

P/E ratio for Alcoa (AA)

P/E ratio as of June 2024 (TTM): -8.07

According to Alcoa's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -8.06897. At the end of 2022 the company had a P/E ratio of -61.4.

P/E ratio history for Alcoa from 2015 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-61.4-336.17%
202126.0-202.72%
2020-25.3614.79%
2019-3.54-117.86%
201819.8-56.18%
201745.3-452.68%
2016-12.8161.4%
2015-4.91

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
4.63-157.36%๐Ÿ‡ฆ๐Ÿ‡บ Australia
107-1,427.20%๐Ÿ‡บ๐Ÿ‡ธ USA
-14.3 76.66%๐Ÿ‡บ๐Ÿ‡ธ USA
119-1,577.76%๐Ÿ‡จ๐Ÿ‡ณ 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.