P/E ratio for Ramsay Health Care (RHC.AX)
P/E ratio at the end of 2022: 59.3
According to Ramsay Health Care's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 42.5645. At the end of 2022 the company had a P/E ratio of 59.3.
P/E ratio history for Ramsay Health Care from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 59.3 | 110.76% |
| 2021 | 28.2 | -39.86% |
| 2020 | 46.8 | 82.62% |
| 2019 | 25.6 | 1.18% |
| 2018 | 25.3 | -6.14% |
| 2017 | 27.0 | -2.83% |
| 2016 | 27.8 | 0.59% |
| 2015 | 27.6 | 26.06% |
| 2014 | 21.9 | 10.95% |
| 2013 | 19.7 | 55.43% |
| 2012 | 12.7 | 7.11% |
| 2011 | 11.9 | -24.73% |
| 2010 | 15.8 | -10.42% |
| 2009 | 17.6 | 26.72% |
| 2008 | 13.9 | -13.66% |
| 2007 | 16.1 | -16.78% |
| 2006 | 19.3 | -51.86% |
| 2005 | 40.1 | 126.81% |
| 2004 | 17.7 | 36.96% |
| 2003 | 12.9 | -27.06% |
| 2002 | 17.7 | -17.25% |
| 2001 | 21.4 |
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.