P/E ratio for Qantas Airways (QAN.AX)
P/E ratio at the end of 2022: -9.09
According to Qantas Airways 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -17.9762. At the end of 2022 the company had a P/E ratio of -9.09.
P/E ratio history for Qantas Airways from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -9.09 | 119.36% |
| 2021 | -4.14 | 62.29% |
| 2020 | -2.55 | -128.86% |
| 2019 | 8.85 | -5.29% |
| 2018 | 9.34 | -10.31% |
| 2017 | 10.4 | 120.82% |
| 2016 | 4.72 | -51.56% |
| 2015 | 9.74 | -1588.22% |
| 2014 | -0.6542 | -100.16% |
| 2013 | 418 | -6937.5% |
| 2012 | -6.11 | -163% |
| 2011 | 9.69 | -71.47% |
| 2010 | 34.0 | 22.11% |
| 2009 | 27.8 | 557.57% |
| 2008 | 4.23 | -62.36% |
| 2007 | 11.2 | 11.85% |
| 2006 | 10.1 | 27.66% |
| 2005 | 7.88 | -16.02% |
| 2004 | 9.38 | -40.2% |
| 2003 | 15.7 | 1.79% |
| 2002 | 15.4 | 50.99% |
| 2001 | 10.2 |
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.