P/E ratio for Australian Foundation Investment Company (AFI.AX)
P/E ratio at the end of 2023: 42.6
According to Australian Foundation Investment Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.5129. At the end of 2023 the company had a P/E ratio of 42.6.
P/E ratio history for Australian Foundation Investment Company from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 42.6 | 12.84% |
| 2022 | 37.8 | -29.86% |
| 2021 | 53.8 | 21.18% |
| 2020 | 44.4 | 69.76% |
| 2019 | 26.2 | -25.9% |
| 2018 | 35.3 | -0.89% |
| 2017 | 35.6 | 12.69% |
| 2016 | 31.6 | 7.62% |
| 2015 | 29.4 | 11.02% |
| 2014 | 26.5 | 6.01% |
| 2013 | 25.0 | 31.89% |
| 2012 | 18.9 | 6.39% |
| 2011 | 17.8 | -41.25% |
| 2010 | 30.3 | -41.12% |
| 2009 | 51.4 | 330.06% |
| 2008 | 12.0 | -50.09% |
| 2007 | 24.0 | -10.45% |
| 2006 | 26.8 | -19.08% |
| 2005 | 33.1 | -7.11% |
| 2004 | 35.6 | -11.97% |
| 2003 | 40.4 | -5.7% |
| 2002 | 42.9 | 20.77% |
| 2001 | 35.5 |
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.