P/E ratio for Ashmore Group (ASHM.L)
P/E ratio at the end of 2022: 17.1
According to Ashmore Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1388.13. At the end of 2022 the company had a P/E ratio of 17.1.
P/E ratio history for Ashmore Group from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.1 | 79.4% |
| 2021 | 9.54 | -39.46% |
| 2020 | 15.8 | -18.52% |
| 2019 | 19.3 | 24.03% |
| 2018 | 15.6 | 14.93% |
| 2017 | 13.6 | 0.21% |
| 2016 | 13.5 | 16.6% |
| 2015 | 11.6 | -16.34% |
| 2014 | 13.9 | 48.82% |
| 2013 | 9.33 | -9.77% |
| 2012 | 10.3 | -6.47% |
| 2011 | 11.1 | 29.84% |
| 2010 | 8.51 | 0.07% |
| 2009 | 8.51 | 38.53% |
| 2008 | 6.14 | -49.47% |
| 2007 | 12.2 |
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.