P/E ratio for Ascendas Reit (A17U.SI)
P/E ratio as of April 2024 (TTM): 16.3
According to Ascendas Reit's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.2905. At the end of 2018 the company had a P/E ratio of 15.9.
P/E ratio history for Ascendas Reit from 2010 to 2019
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2018 | 15.9 | -16.47% |
| 2017 | 19.0 | 12.79% |
| 2016 | 16.8 | 26.09% |
| 2015 | 13.4 | 7.73% |
| 2014 | 12.4 | 3.49% |
| 2013 | 12.0 | 24.02% |
| 2012 | 9.66 | 56.13% |
| 2011 | 6.18 | -47.14% |
| 2010 | 11.7 |
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.