Algoma Steel
ASTL
#5291
Rank
NZ$1.96 B
Marketcap
$18.77
Share price
-1.43%
Change (1 day)
54.42%
Change (1 year)

P/E ratio for Algoma Steel (ASTL)

P/E ratio as of November 2024 (TTM): 13.3

According to Algoma Steel's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.315. At the end of 2022 the company had a P/E ratio of 2.21.

P/E ratio history for Algoma Steel from 2021 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20222.214.27%
20212.12

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.