P/E ratio for IDP Education (IEL.AX)
P/E ratio at the end of 2022: 62.1
According to IDP Education's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.2438. At the end of 2022 the company had a P/E ratio of 62.1.
P/E ratio history for IDP Education from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 62.1 | -58.97% |
| 2021 | 151 | 175.68% |
| 2020 | 54.9 | -13.77% |
| 2019 | 63.7 | 42.33% |
| 2018 | 44.7 | 69.71% |
| 2017 | 26.4 | 17.28% |
| 2016 | 22.5 |
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.