P/E ratio for Asbury Automotive Group (ABG)
P/E ratio as of September 2023 (TTM): 5.18
According to Asbury Automotive Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.17762. At the end of 2021 the company had a P/E ratio of 6.45.
P/E ratio history for Asbury Automotive Group from 2003 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 6.45 | -41.36% |
| 2020 | 11.0 | -5.15% |
| 2019 | 11.6 | 45.96% |
| 2018 | 7.95 | |
| 2016 | 8.20 | -21.41% |
| 2015 | 10.4 | -48.98% |
| 2014 | 20.5 | 35.18% |
| 2013 | 15.1 | 25.72% |
| 2012 | 12.0 | 18.96% |
| 2011 | 10.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CarMax
KMX | 26.3 | 408.80% | 🇺🇸 USA |
 Copart
CPRT | 33.3 | 543.70% | 🇺🇸 USA |
 Rush Enterprises
RUSHA | 8.81 | 70.12% | 🇺🇸 USA |
 America's Car-Mart CRMT | 52.5 | 914.83% | 🇺🇸 USA |
 Lithia Motors LAD | 7.31 | 41.09% | 🇺🇸 USA |
 Sonic Automotive
SAH | -51.7 | -1,099.24% | 🇺🇸 USA |
 Penske Automotive PAG | 9.09 | 75.65% | 🇺🇸 USA |
 Group 1 Automotive GPI | 5.57 | 7.60% | 🇺🇸 USA |
 AutoNation AN | 6.18 | 19.39% | 🇺🇸 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.