P/E ratio for ARC Resources (ARX.TO)
P/E ratio as of April 2024 (TTM): 6.33
According to ARC Resources 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.33152. At the end of 2022 the company had a P/E ratio of 5.18.
P/E ratio history for ARC Resources from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.18 | -33.28% |
| 2021 | 7.77 | -300.73% |
| 2020 | -3.87 | -96.69% |
| 2019 | -117 | -980.04% |
| 2018 | 13.3 | -0.97% |
| 2017 | 13.4 | -67.51% |
| 2016 | 41.3 | -349.58% |
| 2015 | -16.5 | -178.2% |
| 2014 | 21.1 | -44.94% |
| 2013 | 38.4 | -27.72% |
| 2012 | 53.1 | 111.68% |
| 2011 | 25.1 | -19.99% |
| 2010 | 31.4 | 49.46% |
| 2009 | 21.0 | 161.06% |
| 2008 | 8.04 | -5.41% |
| 2007 | 8.50 | -13.09% |
| 2006 | 9.78 | -29.85% |
| 2005 | 13.9 | 2.81% |
| 2004 | 13.6 | 75.72% |
| 2003 | 7.72 | -61.09% |
| 2002 | 19.8 | 127.84% |
| 2001 | 8.70 |
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.