P/E ratio for American Axle & Manufacturing (AXL)
P/E ratio as of April 2024 (TTM): 18.8
According to American Axle & Manufacturing's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.8262. At the end of 2022 the company had a P/E ratio of 14.4.
P/E ratio history for American Axle & Manufacturing from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.4 | -94.76% |
| 2021 | 276 | -16685.64% |
| 2020 | -1.66 | -33.21% |
| 2019 | -2.49 | -86.58% |
| 2018 | -18.5 | -459.62% |
| 2017 | 5.15 | -17.42% |
| 2016 | 6.24 | 0.37% |
| 2015 | 6.22 | -48.97% |
| 2014 | 12.2 | -25.88% |
| 2013 | 16.4 | 614.7% |
| 2012 | 2.30 | -55.59% |
| 2011 | 5.18 | -35.17% |
| 2010 | 7.99 | -540.21% |
| 2009 | -1.81 | 1350.96% |
| 2008 | -0.1251 | -100.48% |
| 2007 | 25.9 | -701.93% |
| 2006 | -4.30 | -126.25% |
| 2005 | 16.4 | 64.94% |
| 2004 | 9.92 | -5.74% |
| 2003 | 10.5 | 62.7% |
| 2002 | 6.47 | -22.84% |
| 2001 | 8.38 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BorgWarner BWA | 10.7 | -43.19% | 🇺🇸 USA |
 Magna International MGA | 15.3 | -18.90% | 🇨🇦 Canada |
 Tenneco TEN | -7.01 | -137.26% | 🇺🇸 USA |
 Superior Industries International SUP | -0.9050 | -104.81% | 🇺🇸 USA |
 Stoneridge SRI | -53.4 | -383.82% | 🇺🇸 USA |
 Miller Industries MLR | 14.9 | -20.70% | 🇺🇸 USA |
 Lear Corporation
LEA | 13.9 | -26.15% | 🇺🇸 USA |
 Dana DAN | -16.6 | -187.94% | 🇺🇸 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.