P/E ratio for Corporación Financiera Alba (ALB.MC)
P/E ratio as of May 2024 (TTM): 14.9
According to Corporación Financiera Alba's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.8629. At the end of 2018 the company had a P/E ratio of 16.0.
P/E ratio history for Corporación Financiera Alba from 2011 to 2019
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2018 | 16.0 | 173.57% |
| 2017 | 5.86 | -4.23% |
| 2016 | 6.12 | -28.88% |
| 2015 | 8.61 | -12.23% |
| 2014 | 9.81 | -10.01% |
| 2013 | 10.9 | -258.63% |
| 2012 | -6.87 | -258.16% |
| 2011 | 4.34 |
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.