P/E ratio for Qantas Airways (QAN.AX)
P/E ratio at the end of 2022: -14.5
According to Qantas Airways 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -11.761. At the end of 2022 the company had a P/E ratio of -14.5.
P/E ratio history for Qantas Airways from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -14.5 | 119.36% |
| 2021 | -6.60 | 62.29% |
| 2020 | -4.06 | -128.86% |
| 2019 | 14.1 | -5.29% |
| 2018 | 14.9 | -10.31% |
| 2017 | 16.6 | 120.82% |
| 2016 | 7.51 | -51.56% |
| 2015 | 15.5 | -1588.22% |
| 2014 | -1.04 | -100.16% |
| 2013 | 665 | -6937.5% |
| 2012 | -9.72 | -163% |
| 2011 | 15.4 | -71.47% |
| 2010 | 54.1 | 22.11% |
| 2009 | 44.3 | 557.57% |
| 2008 | 6.74 | -62.36% |
| 2007 | 17.9 | 11.85% |
| 2006 | 16.0 | 27.66% |
| 2005 | 12.5 | -16.02% |
| 2004 | 14.9 | -40.2% |
| 2003 | 25.0 | 1.79% |
| 2002 | 24.5 | 50.99% |
| 2001 | 16.2 |
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.