Ridley Corporation
RIC.AX
#6799
Rank
โ‚น41.11 B
Marketcap
โ‚น130.18
Share price
3.03%
Change (1 day)
4.06%
Change (1 year)
Categories

P/E ratio for Ridley Corporation (RIC.AX)

P/E ratio at the end of 2023: 14.6

According to Ridley Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.6143. At the end of 2023 the company had a P/E ratio of 14.6.

P/E ratio history for Ridley Corporation from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202314.617.09%
202212.50.88%
202112.4-153%
2020-23.3-254.7%
201915.1-27.83%
201820.947.1%
201714.26.78%
201613.3-11.43%
201515.057.15%
20149.55-223.84%
2013-7.71-176.14%
201210.132.16%
20117.66-20.66%
20109.66-307.91%
2009-4.65-121.45%
200821.794.99%
200711.15.58%
200610.519.23%
20058.82-49.76%
200417.639.42%
200312.67.14%
200211.8-31.92%
200117.3

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.