According to MAX Automation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.74652. At the end of 2023 the company had a P/E ratio of 15.6.
Year | P/E ratio | Change |
---|---|---|
2023 | 15.6 | 26.14% |
2022 | 12.4 | -114.07% |
2021 | -88.0 | 1776.78% |
2020 | -4.69 | 20.54% |
2019 | -3.89 | 8.78% |
2018 | -3.58 | -121.96% |
2017 | 16.3 | -12.72% |
2016 | 18.7 | 26.69% |
2015 | 14.7 | 28.17% |
2014 | 11.5 | -13.22% |
2013 | 13.2 | 5.79% |
2012 | 12.5 | 45.12% |
2011 | 8.62 | -41.71% |
2010 | 14.8 | -93.78% |
2009 | 238 | 4217.08% |
2008 | 5.51 | -62.01% |
2007 | 14.5 |
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.