Argo Global Listed Infrastructure
ALI.AX
#7543
Rank
$0.27 B
Marketcap
$1.52
Share price
-0.22%
Change (1 day)
22.90%
Change (1 year)

P/E ratio for Argo Global Listed Infrastructure (ALI.AX)

P/E ratio at the end of 2023: 41.6

According to Argo Global Listed Infrastructure's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.889. At the end of 2023 the company had a P/E ratio of 41.6.

P/E ratio history for Argo Global Listed Infrastructure from 2016 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202341.6228.61%
202212.6-17.21%
202115.3-149.7%
2020-30.7-556.11%
20196.74-52.52%
201814.2-51.2%
201729.150.67%
201619.3

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.