P/E ratio for Atlas Arteria (ALX.AX)
P/E ratio at the end of 2024: 22.0
According to Atlas Arteria's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.389. At the end of 2024 the company had a P/E ratio of 22.0.
P/E ratio history for Atlas Arteria from 2010 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 22.0 | -12.02% |
| 2023 | 25.0 | -3.65% |
| 2022 | 25.9 | -28.95% |
| 2021 | 36.5 | -140.35% |
| 2020 | -90.5 | -83.08% |
| 2019 | -535 | -939.43% |
| 2018 | 63.7 | 955.25% |
| 2017 | 6.04 | -43.39% |
| 2016 | 10.7 | -52.2% |
| 2015 | 22.3 | -188.9% |
| 2014 | -25.1 | -3752.45% |
| 2013 | 0.6870 | -117.08% |
| 2012 | -4.02 | 194.87% |
| 2011 | -1.36 | -55.7% |
| 2010 | -3.08 |
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.