ARB Corporation Limited
ARB.AX
#4061
Rank
โ‚น193.44 B
Marketcap
โ‚น2,331
Share price
-1.08%
Change (1 day)
35.13%
Change (1 year)

P/E ratio for ARB Corporation Limited (ARB.AX)

P/E ratio at the end of 2023: 26.3

According to ARB Corporation Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 38.8724. At the end of 2023 the company had a P/E ratio of 26.3.

P/E ratio history for ARB Corporation Limited from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202326.342.12%
202218.5-32.18%
202127.319.32%
202022.9-5.11%
201924.1-23.85%
201831.742.88%
201722.2-9.25%
201624.426.28%
201519.434.59%
201414.43.33%
201313.925.93%
201211.123.39%
20118.96-9.63%
20109.9116.32%
20098.52-5.28%
20089.00-36.55%
200714.219.57%
200611.9-3.23%
200512.3-31.69%
200417.918.19%
200315.2-41.68%
200226.031.73%
200119.8

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.