Avangrid
AGR
#1290
Rank
$13.74 B
Marketcap
$35.52
Share price
0.34%
Change (1 day)
-6.62%
Change (1 year)

P/E ratio for Avangrid (AGR)

P/E ratio as of July 2024 (TTM): 25.7

According to Avangrid's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.7391. At the end of 2022 the company had a P/E ratio of 18.9.

P/E ratio history for Avangrid from 2015 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202218.9-21.77%
202124.1-0.33%
202024.26.8%
201922.6-13.23%
201826.1-36.56%
201741.1121.46%
201618.6-48.26%
201535.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-10.4-140.33%๐Ÿ‡บ๐Ÿ‡ธ USA
24.4-5.25%๐Ÿ‡บ๐Ÿ‡ธ 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.