P/E ratio for Qantas Airways (QAN.AX)
P/E ratio at the end of 2024: 7.66
According to Qantas Airways 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.0677. At the end of 2024 the company had a P/E ratio of 7.66.
P/E ratio history for Qantas Airways from 2001 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 7.66 | 20.58% |
| 2023 | 6.35 | -167.03% |
| 2022 | -9.48 | 118.35% |
| 2021 | -4.34 | 63.35% |
| 2020 | -2.66 | -128.74% |
| 2019 | 9.25 | -5.23% |
| 2018 | 9.76 | -10.45% |
| 2017 | 10.9 | 120.42% |
| 2016 | 4.94 | -51.29% |
| 2015 | 10.1 | -1586.06% |
| 2014 | -0.6830 | -100.16% |
| 2013 | 437 | -6939.6% |
| 2012 | -6.38 | -163.13% |
| 2011 | 10.1 | -71.35% |
| 2010 | 35.3 | 21.71% |
| 2009 | 29.0 | 554.17% |
| 2008 | 4.43 | -62.86% |
| 2007 | 11.9 | 13.05% |
| 2006 | 10.6 | 49.8% |
| 2005 | 7.05 | -23.99% |
| 2004 | 9.27 | -42.17% |
| 2003 | 16.0 | -14.44% |
| 2002 | 18.7 | 37.65% |
| 2001 | 13.6 |
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.