American Axle & Manufacturing
AXL
#6129
Rank
S$0.89 B
Marketcap
$7.63
Share price
1.95%
Change (1 day)
-13.94%
Change (1 year)

P/E ratio for American Axle & Manufacturing (AXL)

P/E ratio as of November 2024 (TTM): 15.5

According to American Axle & Manufacturing's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.5404. At the end of 2022 the company had a P/E ratio of 14.4.

P/E ratio history for American Axle & Manufacturing from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202214.4-94.76%
2021276-16685.64%
2020-1.66-33.21%
2019-2.49-86.58%
2018-18.5-459.62%
20175.15-17.42%
20166.240.37%
20156.22-48.97%
201412.2-25.88%
201316.4614.7%
20122.30-55.59%
20115.18-35.17%
20107.99-540.21%
2009-1.811350.96%
2008-0.1251-100.48%
200725.9-701.93%
2006-4.30-126.25%
200516.464.94%
20049.92-5.74%
200310.562.7%
20026.47-22.84%
20018.38

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
12.8-17.69%๐Ÿ‡จ๐Ÿ‡ฆ Canada
-11.1-171.14%๐Ÿ‡บ๐Ÿ‡ธ USA
-0.6788-104.37%๐Ÿ‡บ๐Ÿ‡ธ USA
-22.9-247.14%๐Ÿ‡บ๐Ÿ‡ธ USA
-7.01-145.13%๐Ÿ‡บ๐Ÿ‡ธ USA
19.6 25.86%๐Ÿ‡บ๐Ÿ‡ธ USA
10.8-30.76%๐Ÿ‡บ๐Ÿ‡ธ USA
10.1-34.71%๐Ÿ‡บ๐Ÿ‡ธ USA

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.