P/E ratio for Austal Limited (ASB.AX)
P/E ratio at the end of 2023: -58.4
According to Austal Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -103.135. At the end of 2023 the company had a P/E ratio of -58.4.
P/E ratio history for Austal Limited from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -58.4 | -873.44% |
| 2022 | 7.55 | -3.12% |
| 2021 | 7.79 | -32.87% |
| 2020 | 11.6 | -33.55% |
| 2019 | 17.5 | 24.1% |
| 2018 | 14.1 | -59.36% |
| 2017 | 34.6 | -918.7% |
| 2016 | -4.23 | -144.34% |
| 2015 | 9.54 | 0.57% |
| 2014 | 9.48 | 142.66% |
| 2013 | 3.91 | -76.54% |
| 2012 | 16.7 | 20.46% |
| 2011 | 13.8 | 69.61% |
| 2010 | 8.15 | -80.91% |
| 2009 | 42.7 | 567.7% |
| 2008 | 6.40 | -44.32% |
| 2007 | 11.5 | 2.72% |
| 2006 | 11.2 | 40.93% |
| 2005 | 7.94 | -28.52% |
| 2004 | 11.1 | -226.27% |
| 2003 | -8.79 | -192.79% |
| 2002 | 9.48 | -30.27% |
| 2001 | 13.6 |
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.