Ardmore Shipping
ASC
#6613
Rank
โ‚ฌ0.47 B
Marketcap
๐Ÿ‡ง๐Ÿ‡ฒ
Country
11,33ย โ‚ฌ
Share price
-5.52%
Change (1 day)
-7.76%
Change (1 year)

P/E ratio for Ardmore Shipping (ASC)

P/E ratio as of November 2024 (TTM): 2.69

According to Ardmore Shipping 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.69401. At the end of 2022 the company had a P/E ratio of 4.15.

P/E ratio history for Ardmore Shipping from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.15-237.61%
2021-3.02-83.39%
2020-18.238.51%
2019-13.1265.11%
2018-3.59-82.94%
2017-21.1-159.74%
201635.2240.75%
201510.3-94.99%
2014206-397.02%
2013-69.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
10.5 288.27%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
10.7 298.26%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
2.90 7.55%๐Ÿ‡จ๐Ÿ‡ฆ Canada
5.12 90.10%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
N/AN/A๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
38.3 1,323.28%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
4.88 81.04%๐Ÿ‡จ๐Ÿ‡ฆ Canada
5.54 105.78%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda

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.