Westpac Banking
WBC.AX
#342
Rank
$47.33 B
Marketcap
$13.51
Share price
-0.33%
Change (1 day)
-9.87%
Change (1 year)

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
202116.8-37.46%
202026.978.23%
201915.130.53%
201811.6-13.67%
201713.40.68%
201613.317.33%
201511.4-12.58%
201413.0-12.03%
201314.815.91%
201212.744.42%
20118.82-20.32%
201011.1-47.52%
200921.187.7%
200811.2-26.25%
200715.212.19%
200613.6-7.35%
200514.77.93%
200413.6-3.28%
200314.018.01%
200211.9-7.58%
200112.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.5 58.34%๐Ÿ‡จ๐Ÿ‡ฆ Canada
5.97-17.96%๐Ÿ‡บ๐Ÿ‡ธ USA
11.0 51.64%๐Ÿ‡จ๐Ÿ‡ฆ Canada
N/AN/A๐Ÿ‡ฆ๐Ÿ‡บ Australia
17.4 139.66%๐Ÿ‡ฎ๐Ÿ‡ณ India
4.54-37.67%๐Ÿ‡ฌ๐Ÿ‡ง 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.