P/E ratio for Axiata Group (6888.KL)
P/E ratio as of May 2024 (TTM): 2.57
According to Axiata Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.5699. At the end of 2022 the company had a P/E ratio of 2.91.
P/E ratio history for Axiata Group from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.91 | -93.85% |
| 2021 | 47.3 | -49.44% |
| 2020 | 93.5 | 261.35% |
| 2019 | 25.9 | -445.66% |
| 2018 | -7.49 | -113.91% |
| 2017 | 53.8 | -35% |
| 2016 | 82.8 | 281.09% |
| 2015 | 21.7 | -14.93% |
| 2014 | 25.5 | 10.69% |
| 2013 | 23.1 | 3.3% |
| 2012 | 22.3 |
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.