P/E ratio for Asbury Automotive Group (ABG)
P/E ratio as of May 2024 (TTM): 5.80
According to Asbury Automotive Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.80252. At the end of 2022 the company had a P/E ratio of 4.00.
P/E ratio history for Asbury Automotive Group from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.00 | -37.99% |
| 2021 | 6.45 | -41.36% |
| 2020 | 11.0 | -5.15% |
| 2019 | 11.6 | 45.96% |
| 2018 | 7.95 | -16.95% |
| 2017 | 9.57 | 16.6% |
| 2016 | 8.20 | -21.41% |
| 2015 | 10.4 | -48.98% |
| 2014 | 20.5 | 35.18% |
| 2013 | 15.1 | 25.72% |
| 2012 | 12.0 | 18.96% |
| 2011 | 10.1 | -35.37% |
| 2010 | 15.7 | -42.95% |
| 2009 | 27.5 | -6617.69% |
| 2008 | -0.4212 | -104.39% |
| 2007 | 9.59 | -25.54% |
| 2006 | 12.9 | 47.05% |
| 2005 | 8.76 | -5.97% |
| 2004 | 9.31 | -30.34% |
| 2003 | 13.4 | 55.75% |
| 2002 | 8.58 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CarMax
KMX | 25.4 | 338.23% | 🇺🇸 USA |
 Copart
CPRT | 42.1 | 626.35% | 🇺🇸 USA |
 Rush Enterprises
RUSHA | 10.2 | 76.13% | 🇺🇸 USA |
 America's Car-Mart CRMT | 37.7 | 549.65% | 🇺🇸 USA |
 Lithia Motors LAD | 7.14 | 23.03% | 🇺🇸 USA |
 Sonic Automotive
SAH | -47.0 | -909.72% | 🇺🇸 USA |
 Penske Automotive PAG | 9.48 | 63.38% | 🇺🇸 USA |
 Group 1 Automotive GPI | 7.02 | 21.01% | 🇺🇸 USA |
 AutoNation AN | 7.21 | 24.31% | 🇺🇸 USA |
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.