Ashtead
AHT.L
#591
Rank
$34.25 B
Marketcap
$78.08
Share price
-0.90%
Change (1 day)
18.90%
Change (1 year)

P/E ratio for Ashtead (AHT.L)

P/E ratio as of November 2024 (TTM): > 1000

According to Ashtead's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2049.34. At the end of 2018 the company had a P/E ratio of 4.97.

P/E ratio history for Ashtead from 2022 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20184.97-65.51%
201714.422.21%
201611.820.21%
20159.81-21.01%
201412.4

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.