P/E ratio for National Australia Bank (NAB.AX)
P/E ratio at the end of 2024: 15.7
According to National Australia Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.8394. At the end of 2024 the company had a P/E ratio of 15.7.
P/E ratio history for National Australia Bank from 2001 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 15.7 | 24.95% |
| 2023 | 12.6 | -10% |
| 2022 | 14.0 | 8.9% |
| 2021 | 12.8 | -36.48% |
| 2020 | 20.2 | 17.8% |
| 2019 | 17.1 | 37.44% |
| 2018 | 12.5 | -7.96% |
| 2017 | 13.5 | -95.07% |
| 2016 | 275 | 2532.32% |
| 2015 | 10.4 | -0.24% |
| 2014 | 10.5 | 1.11% |
| 2013 | 10.4 | 16.16% |
| 2012 | 8.92 | 42.3% |
| 2011 | 6.27 | -29.39% |
| 2010 | 8.87 | -51.94% |
| 2009 | 18.5 | 136% |
| 2008 | 7.82 | -25.38% |
| 2007 | 10.5 | -11.7% |
| 2006 | 11.9 | 4.29% |
| 2005 | 11.4 | -5.7% |
| 2004 | 12.1 | 5.1% |
| 2003 | 11.5 | -40.16% |
| 2002 | 19.2 | -32.86% |
| 2001 | 28.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Westpac Banking WBC.AX | 11.3 | -28.49% | 🇦🇺 Australia |
 Commonwealth Bank CBA.AX | 30.4 | 92.02% | 🇦🇺 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.