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Algoma Central (Algoma Central) Forward PE Ratio : 8.30 (As of Apr. 28, 2024)


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What is Algoma Central Forward PE Ratio?

Algoma Central's Forward PE Ratio for today is 8.30.

Algoma Central's PE Ratio without NRI for today is 8.52.

Algoma Central's PE Ratio for today is 7.56.


Algoma Central Forward PE Ratio Historical Data

The historical data trend for Algoma Central's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Algoma Central Forward PE Ratio Chart

Algoma Central Annual Data
Trend 2017-12 2018-12 2019-12 2020-12 2021-12 2022-12 2023-12 2024-04
Forward PE Ratio
12.59 10.72 11.53 12.48 10.71 9.76 7.46 8.32

Algoma Central Quarterly Data
2017-12 2018-03 2018-06 2018-09 2018-12 2019-03 2019-06 2019-09 2019-12 2020-03 2020-06 2020-09 2020-12 2021-03 2021-06 2021-09 2021-12 2022-03 2022-06 2022-09 2022-12 2023-03 2023-06 2023-09 2023-12 2024-03
Forward PE Ratio 12.59 14.84 14.81 10.76 10.72 13.37 13.05 9.48 11.53 9.15 22.17 11.30 12.48 13.39 11.82 10.75 10.71 9.97 9.78 8.81 9.76 8.22 7.76 6.54 7.46 8.38

Competitive Comparison of Algoma Central's Forward PE Ratio

For the Marine Shipping subindustry, Algoma Central's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Algoma Central's Forward PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Algoma Central's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Algoma Central's Forward PE Ratio falls into.



Algoma Central Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.


Algoma Central  (OTCPK:AGMJF) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .


Algoma Central Forward PE Ratio Related Terms

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Algoma Central (Algoma Central) Business Description

Traded in Other Exchanges
Address
63 Church Street, Suite 600, St. Catharines, ON, CAN, L2R 3C4
Algoma Central Corp owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers, and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.