P/E ratio for ArcBest (ARCB)
P/E ratio as of April 2024 (TTM): 17.9
According to ArcBest's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.9499. At the end of 2022 the company had a P/E ratio of 5.78.
P/E ratio history for ArcBest from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.78 | -59.59% |
| 2021 | 14.3 | -6.82% |
| 2020 | 15.3 | -13.25% |
| 2019 | 17.7 | 34.78% |
| 2018 | 13.1 | -15.18% |
| 2017 | 15.5 | -60.26% |
| 2016 | 38.9 | 211.33% |
| 2015 | 12.5 | -54.68% |
| 2014 | 27.6 | -54.11% |
| 2013 | 60.1 | -314.12% |
| 2012 | -28.1 | -129.15% |
| 2011 | 96.4 | -556.8% |
| 2010 | -21.1 | 266.95% |
| 2009 | -5.75 | -122.72% |
| 2008 | 25.3 | 162.94% |
| 2007 | 9.62 | -10.45% |
| 2006 | 10.7 | 1.85% |
| 2005 | 10.6 | -29.49% |
| 2004 | 15.0 | -12.4% |
| 2003 | 17.1 | -56.27% |
| 2002 | 39.1 | 132.95% |
| 2001 | 16.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 J. B. Hunt
JBHT | 21.9 | 22.13% | 🇺🇸 USA |
 Old Dominion Freight Line
ODFL | 18.4 | 2.37% | 🇺🇸 USA |
 FedEx FDX | 16.0 | -11.05% | 🇺🇸 USA |
 Saia
SAIA | 41.3 | 130.12% | 🇺🇸 USA |
 Forward Air FWRD | 5.55 | -69.09% | 🇺🇸 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.