P/E ratio for Artis REIT (AX-UN.TO)
P/E ratio as of April 2024 (TTM): -2.17
According to Artis REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.17006. At the end of 2022 the company had a P/E ratio of -36.0.
P/E ratio history for Artis REIT from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -36.0 | -963.27% |
| 2021 | 4.17 | -98.43% |
| 2020 | 267 | 1490.04% |
| 2019 | 16.8 | 61.44% |
| 2018 | 10.4 | 5.29% |
| 2017 | 9.86 | -48.76% |
| 2016 | 19.2 | -311.97% |
| 2015 | -9.08 | -187.07% |
| 2014 | 10.4 | 2.44% |
| 2013 | 10.2 | 108.9% |
| 2012 | 4.87 | 41.05% |
| 2011 | 3.45 | -87.97% |
| 2010 | 28.7 | -170.66% |
| 2009 | -40.6 | 15.96% |
| 2008 | -35.0 | -151.2% |
| 2007 | 68.5 |
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.