Alliance Aviation Services P/E
What is the P/E of Alliance Aviation Services?
The P/E of Alliance Aviation Services Limited is 8.16
What is the definition of P/E?
Price to earnings ratio is the ratio of a company’s stock price to the company’s earnings per share calculated over trailing twelve months.
= previous day’s close / ttm EPS
The price to earnings ratio is the most widely used method for determining whether shares are accurately valued in relation to one another. But the P/E ratio does not in itself indicate whether the share is a bargain. The P/E ratio depends on the market’s perception of the risk and future growth in earnings. A company with a low P/E ratio indicates that the market perceives it as a higher risk or a lower growth or both as compared to a company with a higher price to earnings ratio. The P/E ratio of a listed company’s stock is the result of the collective perception of the market as to how risky the company is and what its earnings growth prospects are in relation to that of other companies. Investors use the P/E ratio to compare their own perception of the risk and growth of a company against the market’s collective perception of the risk and growth as reflected in the current P/E ratio.
P/E of companies in the Industrials sector on ASX compared to Alliance Aviation Services
What does Alliance Aviation Services do?
Alliance Aviation Services Limited provides aviation services to tourism, resources, mining, education, government, corporate, and sporting sectors in Australia and internationally. The company also offers specialized aviation services, including aircraft wet leasing, airport management, aircraft trading, parts sales, engine leasing, and engineering to other airlines and clients. As of August 11, 2021, it operated a fleet of 7 E190, 24 Fokker F100, and 14 Fokker 70LR jet aircrafts; and 5 Fokker 50 turboprops aircrafts. The company was founded in 2002 and is based in Brisbane, Australia.
Companies with p/e similar to Alliance Aviation Services
- Carnival International has P/E of 8.14
- Cargojet has P/E of 8.14
- Muthoot Capital Services has P/E of 8.15
- TClarke Plc has P/E of 8.15
- Texhong Textile has P/E of 8.15
- CTT - Correios De Portugal, S.A has P/E of 8.16
- Alliance Aviation Services has P/E of 8.16
- Evergreen Gaming has P/E of 8.16
- WH (HK) has P/E of 8.17
- The Toronto-Dominion Bank has P/E of 8.17
- MeVis Medical Solutions AG has P/E of 8.17
- Carlyle Secured Lending Inc has P/E of 8.17
- International Paper has P/E of 8.17