Artesian Resources
ARTNA
#6252
Rank
$0.35 B
Marketcap
$34.73
Share price
-0.23%
Change (1 day)
-39.00%
Change (1 year)

P/E ratio for Artesian Resources (ARTNA)

P/E ratio as of February 2024 (TTM): 20.2

According to Artesian Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.1919. At the end of 2022 the company had a P/E ratio of 30.8.

P/E ratio history for Artesian Resources from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202230.819.12%
202125.925.64%
202020.6-10.87%
201923.13.4%
201822.4-11.89%
201725.411.99%
201622.72.22%
201522.24.96%
201421.1-11.69%
201323.921.5%
201219.7-14.32%
201123.022.39%
201018.8-0.6%
200918.93.35%
200818.3-12.06%
200720.85.29%
200619.7-16.03%
200523.5-6.02%
200425.0-12.08%
200328.463.92%
200217.3-10.04%
200119.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
24.7 22.23%๐Ÿ‡บ๐Ÿ‡ธ USA
24.4 20.86%๐Ÿ‡บ๐Ÿ‡ธ USA
24.7 22.16%๐Ÿ‡บ๐Ÿ‡ธ USA
-4.66-123.08%๐Ÿ‡บ๐Ÿ‡ธ USA
17.9-11.29%๐Ÿ‡บ๐Ÿ‡ธ USA
63.2 212.75%๐Ÿ‡บ๐Ÿ‡ธ USA
22.8 13.12%๐Ÿ‡บ๐Ÿ‡ธ 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.