P/E ratio for Axalta (AXTA)
P/E ratio as of May 2024 (TTM): 32.6
According to Axalta's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.5514. At the end of 2022 the company had a P/E ratio of 29.6.
P/E ratio history for Axalta from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 29.6 | 1.05% |
| 2021 | 29.3 | -46.62% |
| 2020 | 54.9 | 93.25% |
| 2019 | 28.4 | 5.54% |
| 2018 | 26.9 | -87.52% |
| 2017 | 216 | 11.04% |
| 2016 | 194 | 191.61% |
| 2015 | 66.6 | -69.47% |
| 2014 | 218 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 PPG Industries
PPG | 22.0 | -32.40% | 🇺🇸 USA |
 Sherwin-Williams SHW | 32.3 | -0.92% | 🇺🇸 USA |
 RPM International
RPM | 27.2 | -16.38% | 🇺🇸 USA |
 Ferro FOE | 12.2 | -62.44% | 🇺🇸 USA |
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.