P/E ratio for Avax S.A. (AVAX.AT)
P/E ratio at the end of 2023: 25.9
According to Avax S.A.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.5602. At the end of 2023 the company had a P/E ratio of 25.9.
P/E ratio history for Avax S.A. from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 25.9 | 783.02% |
| 2022 | 2.93 | -128.9% |
| 2021 | -10.1 | -171.53% |
| 2020 | 14.2 | -1393.57% |
| 2019 | -1.10 | 1.04% |
| 2018 | -1.09 | -79.25% |
| 2017 | -5.23 | 613.46% |
| 2016 | -0.7331 | 8.92% |
| 2015 | -0.6731 | -40.36% |
| 2014 | -1.13 |
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.