P/E ratio for Westpac Banking (WBC.AX)
P/E ratio as of September 2023 (TTM): 7.28
According to Westpac Banking's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.27699. At the end of 2021 the company had a P/E ratio of 16.8.
P/E ratio history for Westpac Banking from 2001 to 2008
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 16.8 | -37.46% |
| 2020 | 26.9 | 78.23% |
| 2019 | 15.1 | 30.53% |
| 2018 | 11.6 | -13.67% |
| 2017 | 13.4 | 0.68% |
| 2016 | 13.3 | 17.33% |
| 2015 | 11.4 | -12.58% |
| 2014 | 13.0 | -12.03% |
| 2013 | 14.8 | 15.91% |
| 2012 | 12.7 | 44.42% |
| 2011 | 8.82 | -20.32% |
| 2010 | 11.1 | -47.52% |
| 2009 | 21.1 | 87.7% |
| 2008 | 11.2 | -26.25% |
| 2007 | 15.2 | 12.19% |
| 2006 | 13.6 | -7.35% |
| 2005 | 14.7 | 7.93% |
| 2004 | 13.6 | -3.28% |
| 2003 | 14.0 | 18.01% |
| 2002 | 11.9 | -7.58% |
| 2001 | 12.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Bank Of Canada RY | 11.5 | 58.34% | 🇨🇦 Canada |
 Citigroup C | 5.97 | -17.96% | 🇺🇸 USA |
 CIBC CM | 11.0 | 51.64% | 🇨🇦 Canada |
 Commonwealth Bank CBA.AX | N/A | N/A | 🇦🇺 Australia |
 ICICI Bank IBN | 17.4 | 139.66% | 🇮🇳 India |
 Barclays BCS | 4.54 | -37.67% | 🇬🇧 UK |
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.