P/E ratio for Altareit (AREIT.PA)
P/E ratio at the end of 2022: 13.7
According to Altareit's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.0185. At the end of 2022 the company had a P/E ratio of 13.7.
P/E ratio history for Altareit from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.7 | -2.06% |
| 2021 | 14.0 | 40.6% |
| 2020 | 9.96 | -2.55% |
| 2019 | 10.2 | 310.17% |
| 2018 | 2.49 | -50.58% |
| 2017 | 5.04 | -38.25% |
| 2016 | 8.16 | -116.26% |
| 2015 | -50.2 | -2002.57% |
| 2014 | 2.64 | -74.02% |
| 2013 | 10.2 | 131.49% |
| 2012 | 4.39 | 11.24% |
| 2011 | 3.94 | -81.85% |
| 2010 | 21.7 | -714.04% |
| 2009 | -3.54 |
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.