P/E ratio for Altus Group (AIF.TO)
P/E ratio as of May 2024 (TTM): 298
According to Altus Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 297.931. At the end of 2022 the company had a P/E ratio of < -1000.
P/E ratio history for Altus Group from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | < -1000 | -1673.66% |
| 2021 | 114 | 21.13% |
| 2020 | 94.5 | 17% |
| 2019 | 80.8 | -260.37% |
| 2018 | -50.4 | -488.66% |
| 2017 | 13.0 | -84.1% |
| 2016 | 81.5 | 17.65% |
| 2015 | 69.2 | 46.42% |
| 2014 | 47.3 | 116.77% |
| 2013 | 21.8 | -245.28% |
| 2012 | -15.0 | 243.27% |
| 2011 | -4.38 | -84.58% |
| 2010 | -28.4 | -142.2% |
| 2009 | 67.2 | 392.96% |
| 2008 | 13.6 |
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.