Sidetrade
ALBFR.PA
#7231
Rank
A$0.51 B
Marketcap
$367.88
Share price
1.80%
Change (1 day)
60.11%
Change (1 year)

P/E ratio for Sidetrade (ALBFR.PA)

P/E ratio at the end of 2023: 38.2

According to Sidetrade's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 57.1302. At the end of 2023 the company had a P/E ratio of 38.2.

P/E ratio history for Sidetrade from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202338.2-36.46%
202260.232.4%
202145.415.65%
202039.31.54%
201938.737.07%
201828.2-27.24%
201738.818.21%
201632.850.91%
201521.84.33%
201420.949.36%
201314.011.54%
201212.5-19.6%
201115.68.46%
201014.4-1.7%
200914.67.71%
200813.6

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.