P/E ratio for Automotive Axles (AUTOAXLES.NS)
P/E ratio as of April 2024 (TTM): 16.4
According to Automotive Axles's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.4368. At the end of 2022 the company had a P/E ratio of 19.9.
P/E ratio history for Automotive Axles from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.9 | -47.91% |
| 2021 | 38.3 | -95.23% |
| 2020 | 801 | 4047.82% |
| 2019 | 19.3 | 10.37% |
| 2018 | 17.5 | -40.91% |
| 2017 | 29.6 | 33.43% |
| 2016 | 22.2 | -41.54% |
| 2015 | 38.0 | -26% |
| 2014 | 51.3 | 35.43% |
| 2013 | 37.9 | 115.14% |
| 2012 | 17.6 |
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.