According to Power Assets's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.4893. At the end of 2022 the company had a P/E ratio of 16.2.
Year | P/E ratio | Change |
---|---|---|
2022 | 16.2 | -5.64% |
2021 | 17.2 | 17.54% |
2020 | 14.6 | -15.46% |
2019 | 17.3 | 14.67% |
2018 | 15.1 | -11.43% |
2017 | 17.0 | -24.97% |
2016 | 22.7 | 16.41% |
2015 | 19.5 | 647.65% |
2014 | 2.60 | -77.87% |
2013 | 11.8 | -19.62% |
2012 | 14.6 | 8.33% |
2011 | 13.5 | -7.88% |
2010 | 14.7 | 9.23% |
2009 | 13.4 | 18.06% |
2008 | 11.4 |
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.