Ridley Corporation
RIC.AX
#6676
Rank
C$0.75 B
Marketcap
$2.39
Share price
3.10%
Change (1 day)
6.46%
Change (1 year)
Categories

P/E ratio for Ridley Corporation (RIC.AX)

P/E ratio at the end of 2023: 14.2

According to Ridley Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.1891. At the end of 2023 the company had a P/E ratio of 14.2.

P/E ratio history for Ridley Corporation from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202314.217.09%
202212.20.88%
202112.0-153%
2020-22.7-254.7%
201914.7-27.83%
201820.447.1%
201713.86.78%
201613.0-11.43%
201514.657.15%
20149.31-223.84%
2013-7.52-176.14%
20129.8832.16%
20117.47-20.66%
20109.42-307.91%
2009-4.53-121.45%
200821.194.99%
200710.85.58%
200610.319.23%
20058.61-49.76%
200417.139.42%
200312.37.14%
200211.5-31.92%
200116.8

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.