According to Westpac Banking's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.05593. At the end of 2007 the company had a P/E ratio of 13.9.
Year | P/E ratio | Change |
---|---|---|
2007 | 13.9 | -1.67% |
2006 | 14.1 | -4.88% |
2005 | 14.8 | -4.39% |
2004 | 15.5 | 20% |
2003 | 12.9 | 14.39% |
2002 | 11.3 | -22.82% |
2001 | 14.6 |
Company | P/E ratio | P/E ratio differencediff. | Country |
---|---|---|---|
Royal Bank Of Canada RY | 13.0 | 43.15% | ๐จ๐ฆ Canada |
Citigroup C | 9.12 | 0.66% | ๐บ๐ธ USA |
CIBC CM | 13.2 | 45.99% | ๐จ๐ฆ Canada |
Commonwealth Bank CBA.AX | N/A | N/A | ๐ฆ๐บ Australia |
ICICI Bank IBN | 18.9 | 108.16% | ๐ฎ๐ณ India |
Barclays BCS | 5.64 | -37.68% | ๐ฌ๐ง UK |
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.