Qualitas Limited
QAL.AX
#6680
Rank
โ‚ฌ0.48 B
Marketcap
1,63ย โ‚ฌ
Share price
-1.13%
Change (1 day)
20.66%
Change (1 year)

P/E ratio for Qualitas Limited (QAL.AX)

P/E ratio at the end of 2023: 52.0

According to Qualitas Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.3993. At the end of 2023 the company had a P/E ratio of 52.0.

P/E ratio history for Qualitas Limited from 2022 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202352.013.98%
202245.6

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.