P/E ratio for Azrieli Group (AZRG.TA)
P/E ratio as of April 2024 (TTM): 19.6
According to Azrieli Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.6448. At the end of 2022 the company had a P/E ratio of 15.4.
P/E ratio history for Azrieli Group from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.4 | 21.95% |
| 2021 | 12.6 | -91.21% |
| 2020 | 143 | 870.08% |
| 2019 | 14.8 | -14.17% |
| 2018 | 17.2 | 4.42% |
| 2017 | 16.5 | 47.5% |
| 2016 | 11.2 | -47.49% |
| 2015 | 21.3 | 25.86% |
| 2014 | 16.9 | 9.8% |
| 2013 | 15.4 | 22.16% |
| 2012 | 12.6 |
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.