P/E ratio for Wesfarmers (WES.AX)
P/E ratio at the end of 2022: 19.3
According to Wesfarmers 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.7812. At the end of 2022 the company had a P/E ratio of 19.3.
P/E ratio history for Wesfarmers from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.3 | -19.91% |
| 2021 | 24.2 | -12.4% |
| 2020 | 27.6 | 303.19% |
| 2019 | 6.84 | -76.48% |
| 2018 | 29.1 | 203.3% |
| 2017 | 9.59 | -85.82% |
| 2016 | 67.6 | 527.91% |
| 2015 | 10.8 | 24.22% |
| 2014 | 8.67 | -12.9% |
| 2013 | 9.96 | 36.11% |
| 2012 | 7.31 | -9.55% |
| 2011 | 8.09 | -30.69% |
| 2010 | 11.7 | 48.4% |
| 2009 | 7.86 | -17% |
| 2008 | 9.47 | -18.78% |
| 2007 | 11.7 | 53.31% |
| 2006 | 7.61 | -56.17% |
| 2005 | 17.4 | 96.17% |
| 2004 | 8.85 | -30.32% |
| 2003 | 12.7 | -24.22% |
| 2002 | 16.8 | -15.85% |
| 2001 | 19.9 |
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.