Ardmore Shipping
ASC
#5460
Rank
$0.88 B
Marketcap
๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
Country
$21.27
Share price
5.30%
Change (1 day)
65.53%
Change (1 year)

P/E ratio for Ardmore Shipping (ASC)

P/E ratio as of July 2024 (TTM): 4.72

According to Ardmore Shipping 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.71619. At the end of 2022 the company had a P/E ratio of 4.15.

P/E ratio history for Ardmore Shipping from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.15-237.61%
2021-3.02-83.39%
2020-18.238.51%
2019-13.1265.11%
2018-3.59-82.94%
2017-21.1-159.74%
201635.2240.75%
201510.3-94.99%
2014206-397.02%
2013-69.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
12.0 154.87%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
14.5 207.67%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
4.18-11.38%๐Ÿ‡จ๐Ÿ‡ฆ Canada
6.89 46.02%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
N/AN/A๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
34.6 633.77%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
5.36 13.69%๐Ÿ‡จ๐Ÿ‡ฆ Canada
6.82 44.70%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda

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.