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ASC Ardmore Shipping PE ratio, current and historical analysis

The current P/E ratio for Ardmore Shipping stock as of Jun 14, 2024 is 7.9. This is calculated based on the TTM EPS of $2.63 and the stock price of $20.79 per share. The PE ratio has increased by 78% from its last 4 quarters average of 4.5.

ASC PE ratio history

How has ASC's PE ratio performed in the past

The average historical PE ratio of Ardmore Shipping for the last ten years is 21.17. The current price-to-earnings ratio of 7.9 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.

Average
21.17
Median
7.06
Minimum
2.71
Maximum
171

Ardmore Shipping PE ratio by year

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

ASC average PE ratio chart

What is the average PE ratio of ASC for the past years

Currently, ASC's PE ratio is above its 3 and 5-year averages, but it is under its 10-year average.

3-year avg
4.23
5-year avg
5.1
10-year avg
21.17
15-year avg
N/A

ASC PE vs peers

What is ASC's PE ratio compared to its peers

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 4.58 $2.24B
TK Teekay Corp 5.19 $793.57M
ASC Ardmore Shipping Corp 7.9 $860.12M
DHT DHT Holdings Inc 10.68 $1.81B

Frequently asked questions

What is Ardmore Shipping's PE ratio?

ASC's price to earnings ratio is 7.9 as of Jun 14, 2024.

What is the 3-year average PE ratio for Ardmore Shipping (ASC)?

Over the last 3 years, the average PE ratio for ASC stock is 4.23.

What is the 5-year average PE ratio for Ardmore Shipping (ASC)?

Over the last 5 years, the average PE ratio for ASC stock is 5.1.

What is the highest PE ratio for ASC?

Over the last ten years, the Dec 2014 quarter recorded the highest quarterly PE ratio at 171.

How does the current PE ratio for ASC compare to its historical average?

The current PE ratio of ASC is 63% lower than the 10-year historical average.

Why is Ardmore Shipping's PE ratio so low?

ASC's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 7.9 is considered low.

How is ASC's PE ratio calculated (Ardmore Shipping PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 14, 2024), Ardmore Shipping's share price is $20.79. 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 7.9. PE RATIO(7.9) = STOCK PRICE($20.79) / TTM EPS($2.63)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.