P/E ratio for Artis REIT (AX-UN.TO)
P/E ratio as of March 2023 (TTM): 5.83
According to Artis REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.82809. At the end of 2021 the company had a P/E ratio of 4.15.
P/E ratio history for Artis REIT from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 4.15 | -98.82% |
| 2020 | 353 | 2030.2% |
| 2019 | 16.6 | 58.43% |
| 2018 | 10.4 | 5.98% |
| 2017 | 9.86 | -47.98% |
| 2016 | 19.0 | -305.59% |
| 2015 | -9.22 | -187.62% |
| 2014 | 10.5 | 3.93% |
| 2013 | 10.1 | 108.32% |
| 2012 | 4.86 | 39.65% |
| 2011 | 3.48 | -101.84% |
| 2010 | -190 | 355.78% |
| 2009 | -41.6 | 26.77% |
| 2008 | -32.8 | -155.01% |
| 2007 | 59.6 |
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.