P/E ratio for Westpac Banking (WBC.AX)

P/E ratio history for Westpac Banking from 2001 to 2008

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Citigroup C	10.3	-7.15%	🇺🇸 USA
Royal Bank Of Canada RY	16.1	44.14%	🇨🇦 Canada
CIBC CM	18.1	62.50%	🇨🇦 Canada
Barclays BCS	7.76	-30.39%	🇬🇧 UK
ICICI Bank IBN	22.2	99.44%	🇮🇳 India
Commonwealth Bank CBA.AX	N/A	N/A	🇦🇺 Australia

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.