P/E ratio for Beacon Lighting Group (BLX.AX)
P/E ratio at the end of 2023: 10.7
According to Beacon Lighting Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.3869. At the end of 2023 the company had a P/E ratio of 10.7.
P/E ratio history for Beacon Lighting Group from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 10.7 | 12.42% |
| 2022 | 9.55 | -1.21% |
| 2021 | 9.67 | -4.87% |
| 2020 | 10.2 | -27.83% |
| 2019 | 14.1 | -5.06% |
| 2018 | 14.8 | 6.39% |
| 2017 | 13.9 | -2.83% |
| 2016 | 14.4 | -33.76% |
| 2015 | 21.7 | 64.99% |
| 2014 | 13.1 |
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.