P/E ratio for TransAlta (TAC)
P/E ratio as of April 2024 (TTM): 9.70
According to TransAlta's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.6967. At the end of 2022 the company had a P/E ratio of 241.
P/E ratio history for TransAlta from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 241 | -3708.17% |
| 2021 | -6.68 | -17.02% |
| 2020 | -8.05 | -115.72% |
| 2019 | 51.2 | -892.43% |
| 2018 | -6.46 | -43.97% |
| 2017 | -11.5 | -166.77% |
| 2016 | 17.3 | -149.24% |
| 2015 | -35.1 | -270.85% |
| 2014 | 20.5 | -139.87% |
| 2013 | -51.5 | 772.35% |
| 2012 | -5.90 | -137.75% |
| 2011 | 15.6 | -16.43% |
| 2010 | 18.7 | -31.1% |
| 2009 | 27.2 | 46.45% |
| 2008 | 18.5 | -17.36% |
| 2007 | 22.4 | -78.2% |
| 2006 | 103 | 274.5% |
| 2005 | 27.5 | 26.8% |
| 2004 | 21.7 | 40.89% |
| 2003 | 15.4 | 20.13% |
| 2002 | 12.8 | -13.48% |
| 2001 | 14.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 AES AES | -20.2 | -307.83% | 🇺🇸 USA |
 Suncor Energy
SU | 11.6 | 19.73% | 🇨🇦 Canada |
 Enbridge ENB | 25.9 | 167.27% | 🇨🇦 Canada |
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.