P/E ratio for ALK-Abelló (ALK-B.CO)
P/E ratio as of April 2024 (TTM): 79.5
According to ALK-Abelló's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 79.4683. At the end of 2022 the company had a P/E ratio of 64.5.
P/E ratio history for ALK-Abelló from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 64.5 | -62.41% |
| 2021 | 172 | -83.6% |
| 2020 | > 1000 | -489.62% |
| 2019 | -268 | 308.47% |
| 2018 | -65.7 | 51.62% |
| 2017 | -43.3 | -229.62% |
| 2016 | 33.4 | 36.1% |
| 2015 | 24.6 | -29.27% |
| 2014 | 34.7 | -64.3% |
| 2013 | 97.3 | 432.02% |
| 2012 | 18.3 | 15.09% |
| 2011 | 15.9 | -15.82% |
| 2010 | 18.9 | -48.24% |
| 2009 | 36.5 |
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.