P/E ratio for ARB Corporation Limited (ARB.AX)
P/E ratio at the end of 2023: 39.9
According to ARB Corporation Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.1631. At the end of 2023 the company had a P/E ratio of 39.9.
P/E ratio history for ARB Corporation Limited from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 39.9 | 42.12% |
| 2022 | 28.0 | -32.18% |
| 2021 | 41.4 | 19.32% |
| 2020 | 34.7 | -5.11% |
| 2019 | 36.5 | -23.85% |
| 2018 | 48.0 | 42.88% |
| 2017 | 33.6 | -9.25% |
| 2016 | 37.0 | 26.28% |
| 2015 | 29.3 | 34.59% |
| 2014 | 21.8 | 3.33% |
| 2013 | 21.1 | 25.93% |
| 2012 | 16.7 | 23.39% |
| 2011 | 13.6 | -9.63% |
| 2010 | 15.0 | 16.32% |
| 2009 | 12.9 | -5.28% |
| 2008 | 13.6 | -36.55% |
| 2007 | 21.5 | 19.57% |
| 2006 | 17.9 | -3.23% |
| 2005 | 18.5 | -31.69% |
| 2004 | 27.1 | 18.19% |
| 2003 | 23.0 | -41.68% |
| 2002 | 39.4 | 31.73% |
| 2001 | 29.9 |
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.