The current P/E ratio for Ardmore Shipping stock as of May 10, 2024 is 7.75. This is calculated based on the TTM EPS of $2.63 and the stock price of $20.37 per share. The PE ratio has increased by 74% from its last 4 quarters average of 4.5.
The average historical PE ratio of Ardmore Shipping for the last ten years is 21.17. The current price-to-earnings ratio of 7.75 is 63% less than the historical average. Analyzing the last ten years, ASC's PE ratio reached its highest point in the Dec 2014 quarter at 171, when the price was $11.97 and the EPS was $0.07. The lowest point was recorded in the Jun 2023 quarter, when it reached 2.71 with a price of $12.35 and an EPS of $4.56.
Maximum annual increase: 496.42% in 2016
Maximum annual decrease: -93.95% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 5.11 | 28.72% |
| 2022 | 3.97 | N/A |
| 2021 | N/A | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
| 2017 | N/A | N/A |
| 2016 | 61.67 | 496.42% |
| 2015 | 10.34 | -93.95% |
| 2014 | 171 | N/A |
Currently, ASC's PE ratio is above its 3 and 5-year averages, but it is under its 10-year average.
When compared to its peer DHT, ASC's PE ratio is lower, but it is higher than TNK's and TK's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TNK Teekay Tankers Ltd | 4.8 | $2.35B |
| TK Teekay Corp | 5.23 | $799.94M |
| ASC Ardmore Shipping Corp | 7.75 | $842.75M |
| DHT DHT Holdings Inc | 12.22 | $1.95B |
ASC's price to earnings ratio is 7.75 as of May 10, 2024.
Over the last 3 years, the average PE ratio for ASC stock is 4.23.
Over the last 5 years, the average PE ratio for ASC stock is 5.1.
Over the last ten years, the Dec 2014 quarter recorded the highest quarterly PE ratio at 171.
The current PE ratio of ASC is 63% lower than the 10-year historical average.
ASC's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 7.75 is considered low.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 10, 2024), Ardmore Shipping's share price is $20.37. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.63. Therefore, Ardmore Shipping's price to earnings ratio for today is 7.75. PE RATIO(7.75) = STOCK PRICE($20.37) / TTM EPS($2.63)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.