P/E ratio for Alcoa (AA)

P/E ratio history for Alcoa from 2015 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
Aluminum Corporation of China 601600.SS	126	-1,502.75%	🇨🇳 China
Kaiser Aluminum KALU	98.8	-1,199.70%	🇺🇸 USA
Century Aluminum CENX	-20.5	128.34%	🇺🇸 USA
BHP Group BHP	4.24	-147.20%	🇦🇺 Australia

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.