P/E ratio for Atlantica (AY)
P/E ratio as of April 2024 (TTM): 157
According to Atlantica's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 157. At the end of 2022 the company had a P/E ratio of -432.
P/E ratio history for Atlantica from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -432 | 225.92% |
| 2021 | -132 | -141.85% |
| 2020 | 317 | 643.58% |
| 2019 | 42.6 | -10.96% |
| 2018 | 47.8 | -352.44% |
| 2017 | -18.9 | -95.11% |
| 2016 | -387 | 4153.19% |
| 2015 | -9.10 | -98.66% |
| 2014 | -682 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Pinnacle West Capital
PNW | 17.7 | -88.72% | 🇺🇸 USA |
 PNM Resources PNM | 20.5 | -86.97% | 🇺🇸 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.