Audinate Group
AD8.AX
#6809
Rank
S$0.61 B
Marketcap
$7.43
Share price
-5.47%
Change (1 day)
-42.52%
Change (1 year)

P/E ratio for Audinate Group (AD8.AX)

P/E ratio at the end of 2023: 67.4

According to Audinate Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 61.7962. At the end of 2023 the company had a P/E ratio of 67.4.

P/E ratio history for Audinate Group from 2017 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202367.4-153.93%
2022-125-17.74%
2021-15281.15%
2020-83.8-112.28%
2019683721.03%
201883.2-33779.92%
2017-0.2469

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.