P/E ratio for AltaGas (ALA.TO)
P/E ratio as of May 2024 (TTM): 14.6
According to AltaGas 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.622. At the end of 2022 the company had a P/E ratio of 16.6.
P/E ratio history for AltaGas from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.6 | -49.61% |
| 2021 | 32.9 | 207.59% |
| 2020 | 10.7 | 50.34% |
| 2019 | 7.12 | -174.73% |
| 2018 | -9.52 | -105.99% |
| 2017 | 159 | 364.34% |
| 2016 | 34.2 | -92.24% |
| 2015 | 441 | 663.89% |
| 2014 | 57.8 | 122.53% |
| 2013 | 26.0 | -16.46% |
| 2012 | 31.1 | -4.33% |
| 2011 | 32.5 | 78.17% |
| 2010 | 18.2 | 75.56% |
| 2009 | 10.4 | 43.12% |
| 2008 | 7.26 | -48.12% |
| 2007 | 14.0 | 10.29% |
| 2006 | 12.7 | -23.99% |
| 2005 | 16.7 | -4.6% |
| 2004 | 17.5 |
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.