ASC Ardmore Shipping PE ratio, current and historical analysis
The current P/E ratio for Ardmore Shipping stock as of Feb 21, 2025 is 2.79. This is calculated based on the TTM EPS of $3.6 and the stock price of $10.03 per share. The PE ratio has decreased by 51% from its last 4 quarters average of 5.7.
ASC PE ratio history
The average historical PE ratio of Ardmore Shipping for the last ten years is 11.65. The current price-to-earnings ratio of 2.79 is 76% less than the historical average. Analyzing the last ten years, ASC's PE ratio reached its highest point in the Dec 2016 quarter at 61.67, when the price was $7.4 and the EPS was $0.12. 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.
Ardmore Shipping PE ratio by year
Maximum annual increase: 496.42% in 2016
Maximum annual decrease: -93.95% in 2015
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2023 | 5.11 | 28.72% | $14.09 | $2.76 |
| 2022 | 3.97 | N/A | $14.41 | $3.63 |
| 2021 | N/A | N/A | $3.38 | -$1.12 |
| 2020 | N/A | N/A | $3.27 | -$0.18 |
| 2019 | N/A | N/A | $9.05 | -$0.69 |
| 2018 | N/A | N/A | $4.67 | -$1.31 |
| 2017 | N/A | N/A | $8 | -$0.37 |
| 2016 | 61.67 | 496.42% | $7.4 | $0.12 |
| 2015 | 10.34 | -93.95% | $12.72 | $1.23 |
| 2014 | 171 | N/A | $11.97 | $0.07 |
| 2013 | N/A | N/A | $15.56 | -$0.31 |
| 2012 | N/A | N/A | N/A | -$0.56 |
| 2011 | N/A | N/A | N/A | -$0.37 |
Ardmore Shipping PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2024 | 5.03 | -20.91% | $18.1 | $3.6 |
| Jun 2024 | 6.36 | 1.92% | $22.53 | $3.54 |
| Mar 2024 | 6.24 | 22.11% | $16.42 | $2.63 |
| Dec 2023 | 5.11 | 36.63% | $14.09 | $2.76 |
| Sep 2023 | 3.74 | 38.01% | $13.01 | $3.48 |
| Jun 2023 | 2.71 | -12.3% | $12.35 | $4.56 |
| Mar 2023 | 3.09 | -22.17% | $14.87 | $4.81 |
| Dec 2022 | 3.97 | -16.6% | $14.41 | $3.63 |
| Sep 2022 | 4.76 | N/A | $9.13 | $1.92 |
| Jun 2022 | N/A | N/A | $6.97 | -$0.02 |
| Mar 2022 | N/A | N/A | $4.5 | -$1.08 |
| Dec 2021 | N/A | N/A | $3.38 | -$1.12 |
| Sep 2021 | N/A | N/A | $4.15 | -$1.46 |
| Jun 2021 | N/A | N/A | $4.22 | -$1.29 |
| Mar 2021 | N/A | N/A | $4.54 | -$0.64 |
ASC average PE ratio chart
Currently, ASC's PE ratio is under its 3, 5 and 10-year averages.
ASC PE vs peers
When compared to its peer stocks DHT and TNK, ASC's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ASC Ardmore Shipping Corp | 2.79 | $422.62M |
| TNK Teekay Tankers Ltd | 3.26 | $1.37B |
| TK Teekay Corp | 4.33 | $610.65M |
| DHT DHT Holdings Inc | 9.68 | $1.73B |
Frequently asked questions
What is Ardmore Shipping's PE ratio?
ASC's price to earnings ratio is 2.79 as of Feb 21, 2025.
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 4.56.
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 5.21.
What is the highest PE ratio for ASC?
Over the last ten years, the Dec 2016 quarter recorded the highest quarterly PE ratio at 61.67.
How does the current PE ratio for ASC compare to its historical average?
The current PE ratio of ASC is 76% 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 2.79 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 (Feb 21, 2025), Ardmore Shipping's share price is $10.03. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $3.6. Therefore, Ardmore Shipping's price to earnings ratio for today is 2.79. PE RATIO(2.79) = STOCK PRICE($10.03) / TTM EPS($3.6)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.