Algoma Central Corporation
ALC.TO
#7078
Rank
A$0.66 B
Marketcap
$16.36
Share price
-0.13%
Change (1 day)
-1.28%
Change (1 year)

P/E ratio for Algoma Central Corporation (ALC.TO)

P/E ratio as of December 2024 (TTM): 16.5

According to Algoma Central Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.4836. At the end of 2022 the company had a P/E ratio of 5.75.

P/E ratio history for Algoma Central Corporation from 2001 to 2024

PE ratio at the end of each year

Year P/E ratio Change
20225.75-26.59%
20217.83-32.33%
202011.6-44.44%
201920.8114.76%
20189.70-8.71%
201710.6-26.29%
201614.4-30.82%
201520.872.76%
201412.1-22.01%
201315.519.12%
201213.0125.27%
20115.76-48.35%
201011.241.85%
20097.8763.48%
20084.81-52.92%
200710.2-13.36%
200611.87.21%
200511.0-4.71%
200411.5-41.89%
200319.9163.82%
20027.53116.94%
20013.47

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.