Audinate Group
AD8.AX
#7198
Rank
S$0.51 B
Marketcap
$6.19
Share price
0.69%
Change (1 day)
-56.36%
Change (1 year)

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

P/E ratio at the end of 2023: 64.9

According to Audinate Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 49.9962. At the end of 2023 the company had a P/E ratio of 64.9.

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

PE ratio at the end of each year

Year P/E ratio Change
202364.9-153.93%
2022-120-17.74%
2021-14681.15%
2020-80.7-112.28%
2019657721.03%
201880.1-33779.92%
2017-0.2377

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.