ARB Corporation Limited
ARB.AX
#4559
Rank
โ‚ฌ1.53 B
Marketcap
18,52ย โ‚ฌ
Share price
0.35%
Change (1 day)
-25.00%
Change (1 year)

P/E ratio for ARB Corporation Limited (ARB.AX)

P/E ratio at the end of 2023: 24.9

According to ARB Corporation Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.1048. At the end of 2023 the company had a P/E ratio of 24.9.

P/E ratio history for ARB Corporation Limited from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202324.942.12%
202217.5-32.18%
202125.819.32%
202021.7-5.11%
201922.8-23.85%
201830.042.88%
201721.0-9.25%
201623.126.28%
201518.334.59%
201413.63.33%
201313.225.93%
201210.523.39%
20118.47-9.63%
20109.3716.32%
20098.06-5.28%
20088.51-36.55%
200713.419.57%
200611.2-3.23%
200511.6-31.69%
200417.018.19%
200314.3-41.68%
200224.631.73%
200118.7

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.