P/E ratio for Ardmore Shipping (ASC)

P/E ratio history for Ardmore Shipping from 2013 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
DHT Holdings DHT	10.4	301.06%	🇧🇲 Bermuda
SFL Corp SFL	10.8	314.77%	🇧🇲 Bermuda
Teekay Tankers TNK	2.77	6.25%	🇨🇦 Canada
Frontline FRO	5.22	100.36%	🇧🇲 Bermuda
Golar LNG Partners GMLP	N/A	N/A	🇧🇲 Bermuda
Golar LNG GLNG	34.4	1,222.43%	🇧🇲 Bermuda
Teekay TK	4.79	84.07%	🇨🇦 Canada
Nordic American Tankers NAT	5.25	101.85%	🇧🇲 Bermuda

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.