P/E ratio for Ally (ALLY)
P/E ratio as of April 2024 (TTM): 10.6
According to Ally 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.5765. At the end of 2022 the company had a P/E ratio of 4.90.
P/E ratio history for Ally from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.90 | -15.09% |
| 2021 | 5.77 | -53.23% |
| 2020 | 12.3 | 76.04% |
| 2019 | 7.01 | -8.13% |
| 2018 | 7.63 | -46.36% |
| 2017 | 14.2 | 61.54% |
| 2016 | 8.81 | -225.19% |
| 2015 | -7.03 | -154.79% |
| 2014 | 12.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 First Internet Bancorp
INBK | 22.6 | 114.15% | 🇺🇸 USA |
 Santander Consumer USA
SC | N/A | N/A | 🇺🇸 USA |
 Credit Acceptance
CACC | 22.0 | 108.02% | 🇺🇸 USA |
 CIT Group CIT | N/A | N/A | 🇺🇸 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.