Akastor ASA
AKAST.OL
#7286
Rank
A$0.49 B
Marketcap
$1.82
Share price
-3.78%
Change (1 day)
28.18%
Change (1 year)

P/E ratio for Akastor ASA (AKAST.OL)

P/E ratio as of November 2024 (TTM): 2.50

According to Akastor ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.49604. At the end of 2012 the company had a P/E ratio of 3.83.

P/E ratio history for Akastor ASA from 2010 to 2024

PE ratio at the end of each year

Year P/E ratio Change
20123.83330.12%
20110.8906

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.