P/E ratio for Atlas Arteria (ALX.AX)
P/E ratio at the end of 2021: 38.6
According to Atlas Arteria's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.9533. At the end of 2021 the company had a P/E ratio of 38.6.
P/E ratio history for Atlas Arteria from 2010 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 38.6 | -140.35% |
| 2020 | -95.5 | -83.08% |
| 2019 | -565 | -939.43% |
| 2018 | 67.3 | 954.59% |
| 2017 | 6.38 | -43.34% |
| 2016 | 11.3 | -52.21% |
| 2015 | 23.6 | -188.9% |
| 2014 | -26.5 | -3752.45% |
| 2013 | 0.7257 | -117.08% |
| 2012 | -4.25 | 193.57% |
| 2011 | -1.45 | -55.5% |
| 2010 | -3.25 |
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.