Algonquin Power & Utilities
AQN
#2872
Rank
$4.32 B
Marketcap
$6.28
Share price
0.40%
Change (1 day)
-21.95%
Change (1 year)
Algonquin Power & Utilities Corp. is a Canadian renewable energy and regulated utility conglomerate. Algonquin actively invests in hydroelectric, wind and solar power facilities, and utility businesses.

P/E ratio for Algonquin Power & Utilities (AQN)

P/E ratio as of March 2024 (TTM): -16.0

According to Algonquin Power & Utilities's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -16.0256. At the end of 2022 the company had a P/E ratio of -19.8.

P/E ratio history for Algonquin Power & Utilities from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-19.8-156.06%
202135.2195.48%
202011.9-11.49%
201913.5-49.05%
201826.4-12.32%
201730.220.01%
201625.1-2.25%
201525.7-13.06%
201429.6-70.27%
201399.541.8%
201270.2117.08%
201132.322.51%
201026.4139.5%
200911.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
25.2-257.30%๐Ÿ‡บ๐Ÿ‡ธ USA
18.4-214.65%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.