According to Avient's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.91692. At the end of 2022 the company had a P/E ratio of 4.37.
Year | P/E ratio | Change |
---|---|---|
2022 | 4.37 | -80.23% |
2021 | 22.1 | -19.84% |
2020 | 27.6 | 472.93% |
2019 | 4.82 | -66.33% |
2018 | 14.3 | -123.01% |
2017 | -62.1 | -480.15% |
2016 | 16.3 | -15.59% |
2015 | 19.4 | -56.58% |
2014 | 44.6 | 217.94% |
2013 | 14.0 | -44.36% |
2012 | 25.2 | 308.16% |
2011 | 6.18 | -12.97% |
2010 | 7.10 | -46.8% |
2009 | 13.3 | -1345% |
2008 | -1.07 | -101.79% |
2007 | 59.8 | 960.78% |
2006 | 5.64 | -54.4% |
2005 | 12.4 | -63.15% |
2004 | 33.6 | -1712.14% |
2003 | -2.08 | -64.96% |
2002 | -5.94 | -69.09% |
2001 | -19.2 |
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.