According to Allstate's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -26.2446. At the end of 2022 the company had a P/E ratio of -25.9.
Year | P/E ratio | Change |
---|---|---|
2022 | -25.9 | -214.16% |
2021 | 22.7 | 264.58% |
2020 | 6.22 | -20.99% |
2019 | 7.87 | -38% |
2018 | 12.7 | 3.04% |
2017 | 12.3 | -21.22% |
2016 | 15.6 | 28.69% |
2015 | 12.2 | 10.35% |
2014 | 11.0 | -1.88% |
2013 | 11.2 | 31.58% |
2012 | 8.53 | -53.02% |
2011 | 18.2 | -3.77% |
2010 | 18.9 | -0.78% |
2009 | 19.0 | -279.33% |
2008 | -10.6 | -258.94% |
2007 | 6.67 | -19.17% |
2006 | 8.25 | -60.32% |
2005 | 20.8 | 83.76% |
2004 | 11.3 | 1.55% |
2003 | 11.1 | -37.93% |
2002 | 18.0 | -14.21% |
2001 | 20.9 |
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.