P/E ratio for Argo Investments (ARG.AX)
P/E ratio at the end of 2022: 20.9
According to Argo Investments's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2022 the company had a P/E ratio of 20.9.
P/E ratio history for Argo Investments from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.9 | -43.56% |
| 2021 | 37.0 | 44.35% |
| 2020 | 25.6 | 29.95% |
| 2019 | 19.7 | -22.6% |
| 2018 | 25.5 | 1.39% |
| 2017 | 25.1 | 9.49% |
| 2016 | 22.9 | -1.29% |
| 2015 | 23.2 | -7.67% |
| 2014 | 25.2 | 9.26% |
| 2013 | 23.0 | 19.86% |
| 2012 | 19.2 | -1.1% |
| 2011 | 19.4 | -13.05% |
| 2010 | 22.3 | -143.06% |
| 2009 | -51.9 | -493.35% |
| 2008 | 13.2 | -45.24% |
| 2007 | 24.1 | 4.02% |
| 2006 | 23.2 | -4.79% |
| 2005 | 24.3 | -5.24% |
| 2004 | 25.7 | 3.99% |
| 2003 | 24.7 | -6.6% |
| 2002 | 26.4 | 33.86% |
| 2001 | 19.7 |
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.