P/E ratio for Alujain Corporation (2170.SR)
P/E ratio as of May 2024 (TTM): 48.9
According to Alujain Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 48.8773. At the end of 2022 the company had a P/E ratio of 15.6.
P/E ratio history for Alujain Corporation from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.6 | 604.21% |
| 2021 | 2.21 | -85.91% |
| 2020 | 15.7 | 45.9% |
| 2019 | 10.8 | -16.67% |
| 2018 | 12.9 | 20.8% |
| 2017 | 10.7 | -5.79% |
| 2016 | 11.3 | 22.03% |
| 2015 | 9.30 | 33.55% |
| 2014 | 6.96 | -55.89% |
| 2013 | 15.8 | -15.73% |
| 2012 | 18.7 | -116.81% |
| 2011 | -111 |
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.