P/E ratio for Alcoa (AA)

P/E ratio history for Alcoa from 2015 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Aluminum Corporation of China 601600.SS	121	-1,857.03%	🇨🇳 China
Kaiser Aluminum KALU	88.9	-1,388.01%	🇺🇸 USA
Century Aluminum CENX	-15.3	121.77%	🇺🇸 USA
BHP Group BHP	4.23	-161.28%	🇦🇺 Australia

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.