P/E ratio for Ramsay Health Care (RHC.AX)
P/E ratio at the end of 2022: 91.5
According to Ramsay Health Care's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.1586. At the end of 2022 the company had a P/E ratio of 91.5.
P/E ratio history for Ramsay Health Care from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 91.5 | 110.76% |
| 2021 | 43.4 | -39.86% |
| 2020 | 72.2 | 82.62% |
| 2019 | 39.5 | 1.18% |
| 2018 | 39.1 | -6.14% |
| 2017 | 41.6 | -2.83% |
| 2016 | 42.8 | 0.59% |
| 2015 | 42.6 | 26.06% |
| 2014 | 33.8 | 10.95% |
| 2013 | 30.5 | 55.43% |
| 2012 | 19.6 | 7.11% |
| 2011 | 18.3 | -24.73% |
| 2010 | 24.3 | -10.42% |
| 2009 | 27.1 | 26.72% |
| 2008 | 21.4 | -13.66% |
| 2007 | 24.8 | -16.78% |
| 2006 | 29.8 | -51.86% |
| 2005 | 61.9 | 126.81% |
| 2004 | 27.3 | 36.96% |
| 2003 | 19.9 | -27.06% |
| 2002 | 27.3 | -17.25% |
| 2001 | 33.0 |
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.