Amalgamated Financial
AMAL
#5335
Rank
HK$8.70 B
Marketcap
HK$283.78
Share price
-0.57%
Change (1 day)
70.21%
Change (1 year)

P/E ratio for Amalgamated Financial (AMAL)

P/E ratio as of November 2024 (TTM): 12.4

According to Amalgamated Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.3593. At the end of 2022 the company had a P/E ratio of 8.69.

P/E ratio history for Amalgamated Financial from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20228.69-12.38%
20219.926.16%
20209.35-28.88%
201913.1-2.88%
201813.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
17.5 41.79%๐Ÿ‡บ๐Ÿ‡ธ USA
14.7 18.73%๐Ÿ‡บ๐Ÿ‡ธ USA

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.