P/E ratio for AmerisourceBergen (ABC)
P/E ratio as of June 2023 (TTM): 22.2
According to AmerisourceBergen 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.1677. At the end of 2021 the company had a P/E ratio of 17.0.
P/E ratio history for AmerisourceBergen from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 17.0 | -375.53% |
| 2020 | -6.18 | -122.69% |
| 2019 | 27.2 | |
| 2017 | 19.5 | |
| 2015 | 52.6 | -93.58% |
| 2014 | 820 | 1450.44% |
| 2013 | 52.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CVS Health CVS | 22.8 | 2.81% | 🇺🇸 USA |
 Henry Schein
HSIC | 16.5 | -25.40% | 🇺🇸 USA |
 Cardinal Health CAH | 47.7 | 115.31% | 🇺🇸 USA |
 McKesson MCK | 17.7 | -20.01% | 🇺🇸 USA |
 Patterson Companies
PDCO | 13.4 | -39.64% | 🇺🇸 USA |
 Omnicell
OMCL | -195 | -978.35% | 🇺🇸 USA |
 Rite Aid
RAD | -0.1319 | -100.60% | 🇺🇸 USA |
 Owens & Minor
OMI | -39.5 | -278.40% | 🇺🇸 USA |
 Herbalife HLF | 4.83 | -78.19% | 🇺🇸 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.