P/E ratio for Audinate Group (AD8.AX)
P/E ratio at the end of 2023: 64.2
According to Audinate Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 44.5466. At the end of 2023 the company had a P/E ratio of 64.2.
P/E ratio history for Audinate Group from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 64.2 | -153.93% |
| 2022 | -119 | -17.74% |
| 2021 | -145 | 81.15% |
| 2020 | -79.9 | -112.28% |
| 2019 | 650 | 721.03% |
| 2018 | 79.2 | -33779.92% |
| 2017 | -0.2352 |
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.