Australian Foundation Investment Company
AFI.AX
#2454
Rank
HK$44.23 B
Marketcap
HK$35.16
Share price
-0.41%
Change (1 day)
-6.00%
Change (1 year)

P/E ratio for Australian Foundation Investment Company (AFI.AX)

P/E ratio at the end of 2023: 26.6

According to Australian Foundation Investment Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.1892. At the end of 2023 the company had a P/E ratio of 26.6.

P/E ratio history for Australian Foundation Investment Company from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202326.612.84%
202223.6-29.86%
202133.621.18%
202027.869.76%
201916.4-25.9%
201822.1-0.89%
201722.312.69%
201619.87.62%
201518.411.02%
201416.56.01%
201315.631.89%
201211.86.39%
201111.1-41.25%
201018.9-41.12%
200932.1330.06%
20087.47-50.09%
200715.0-10.45%
200616.7-19.08%
200520.7-7.11%
200422.2-11.97%
200325.3-5.7%
200226.820.77%
200122.2

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.