P/E ratio for AstraZeneca (AZN)

P/E ratio history for AstraZeneca from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Bristol-Myers Squibb BMY	13.7	-58.01%	🇺🇸 USA
Pfizer PFE	14.5	-55.57%	🇺🇸 USA
Merck MRK	56.6	73.91%	🇺🇸 USA
GlaxoSmithKline GSK	10.4	-68.16%	🇬🇧 UK
Sanofi SNY	16.2	-50.38%	🇫🇷 France
Eli Lilly LLY	154	374.50%	🇺🇸 USA
Johnson & Johnson JNJ	11.1	-65.96%	🇺🇸 USA
Abbott Laboratories ABT	39.3	20.73%	🇺🇸 USA
Biogen BIIB	9.35	-71.27%	🇺🇸 USA
Novartis NVS	28.4	-12.61%	🇨🇭 Switzerland

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.