Austin Engineering
ANG.AX
#8400
Rank
$0.17 B
Marketcap
$0.28
Share price
4.71%
Change (1 day)
-11.84%
Change (1 year)

P/E ratio for Austin Engineering (ANG.AX)

P/E ratio at the end of 2023: 52.7

According to Austin Engineering's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 85.9945. At the end of 2023 the company had a P/E ratio of 52.7.

P/E ratio history for Austin Engineering from 2004 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202352.7604.33%
20227.48-105.51%
2021-136-1192.86%
202012.4-158.83%
2019-21.1121.12%
2018-9.55160.26%
2017-3.671072.82%
2016-0.3127-62.36%
2015-0.8308-100.76%
20141101576.16%
20136.54-14.35%
20127.64-31.44%
201111.13.78%
201010.7136.44%
20094.54-31.33%
20086.61-48.96%
200713.0280.63%
20063.40-60.87%
20058.70-49.23%
200417.1

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.