Netwealth
NWL.AX
#2962
Rank
โ‚ฌ3.64 B
Marketcap
14,90ย โ‚ฌ
Share price
-0.53%
Change (1 day)
23.20%
Change (1 year)

P/E ratio for Netwealth (NWL.AX)

P/E ratio at the end of 2022: 46.5

According to Netwealth's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 107.725. At the end of 2022 the company had a P/E ratio of 46.5.

P/E ratio history for Netwealth from 2018 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202246.5-21.35%
202159.139.96%
202042.3-11.67%
201947.8-35.7%
201874.4

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.