P/E ratio for Applus Services (APPS.MC)
P/E ratio at the end of 2021: 31.0
According to Applus Services's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 52.2889. At the end of 2021 the company had a P/E ratio of 31.0.
P/E ratio history for Applus Services from 2014 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 31.0 | -565.94% |
| 2020 | -6.66 | -125.55% |
| 2019 | 26.1 | -6.64% |
| 2018 | 27.9 | -20.62% |
| 2017 | 35.2 | -42.44% |
| 2016 | 61.1 | 134.9% |
| 2015 | 26.0 | -29.08% |
| 2014 | 36.7 |
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.