ASX
ASX.AX
#1865
Rank
$8.39 B
Marketcap
$43.27
Share price
1.87%
Change (1 day)
0.56%
Change (1 year)
The Australian Securities Exchange or simply ASX is an Australian securities exchange based in Sydney.

P/E ratio for ASX (ASX.AX)

P/E ratio at the end of 2022: 31.6

According to ASX's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2022 the company had a P/E ratio of 31.6.

P/E ratio history for ASX from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202231.61.02%
202131.3-4.14%
202032.6-0.57%
201932.817.21%
201828.016.52%
201724.017.68%
201620.45.87%
201519.38.32%
201417.84.62%
201317.010.54%
201215.43.08%
201114.9-3.54%
201015.5-23.17%
200920.237.79%
200814.6-47.26%
200727.713.6%
200624.472.42%
200514.2-25.58%
200419.0-16.2%
200322.71.04%
200222.5-20.54%
200128.3

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.