P/E ratio for Astec Industries (ASTE)

P/E ratio history for Astec Industries from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Terex TEX	7.78	-83.95%	🇺🇸 USA
The Manitowoc Company MTW	-4.01	-108.28%	🇺🇸 USA
Columbus McKinnon CMCO	20.5	-57.70%	🇺🇸 USA
Caterpillar CAT	22.2	-54.29%	🇺🇸 USA
Forum Energy Technologies FET	-45.4	-193.63%	🇺🇸 USA
NOV NOV	12.8	-73.56%	🇺🇸 USA
Gencor Industries GENC	26.7	-44.92%	🇺🇸 USA

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.