What is the price-to-earnings ratio of Absa Group?
The price-earnings ratio of Absa Group is currently 592.39.
Absa Group P/E 2024
Absa Group P/E
592.39
Ticker
ABG.JO
ISIN
ZAE000255915
WKN
A2JE9V
As of Oct 21, 2024, Absa Group's P/E ratio was 592.39, a -8.62% change from the 648.28 P/E ratio recorded in the previous year.
The Absa Group P/E history
Absa Group Aktienanalyse
What does Absa Group do?
The Absa Group Ltd is one of the leading banks in Africa and is headquartered in Johannesburg, South Africa. The bank was originally founded in 1991 under the name Amalgamated Banks of South Africa. Since then, the company has undergone significant development and is now active throughout the African continent as Absa Group Ltd. Absa's business model is based on offering financial services such as loans, savings accounts, insurance, and investment products to build long-term customer loyalty and trust. The bank focuses on both retail and business customers, as well as small businesses. In the investment banking sector, Absa Group Ltd offers a wide range of financial services, ranging from mergers and acquisitions to asset management. The bank also operates in umbrella sectors, including asset management, treasury, and risk management. Absa Group Ltd operates in eleven African countries and is a market leader in southern Africa and one of the largest banking groups on the continent. The company employs over 32,000 people. The key countries where the bank operates include South Africa, Uganda, Ghana, Kenya, and Tanzania. A key focus of Absa Group Ltd is supporting the economy of the African continent. The bank is involved in numerous initiatives to promote economic growth and sustainability. In 2018, the bank launched an economic forum with the goal of increasing business opportunities and investments in Africa. Another initiative is the Absa Culture Program, which aims to promote art and culture in Africa. Absa's product portfolio is diverse and includes loans, accounts, insurance, and investment products. The bank offers both traditional and digital services, including a mobile app, online banking, mobile money transfers, and a digital exchange. One of Absa's main products is the current account, which caters to retail customers and businesses. The account provides basic banking services such as transfers, cash withdrawals, account statements, and deposit facilities. Absa also offers various card options, including debit cards and credit cards. Another core product is loans, which are provided to both retail and business customers. The bank ensures that its borrowers have a stable financial situation and that the loan has a positive impact on the borrowers. Absa also offers a special SME (Small and Medium Enterprises) loan offering aimed at supporting small businesses and helping them grow. Asset management is another major focus for Absa. The bank offers investment products such as stocks, bonds, investment funds, and hedge funds to help customers diversify their wealth and maximize return on investment (ROI). In summary, Absa Group Ltd is one of the largest and most successful banking groups in Africa. With its wide range of financial services, strong presence on the continent, and commitment to economic growth and sustainability, the bank has established itself as a key player in the African financial industry. Absa Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/E Details
Deciphering Absa Group's P/E Ratio
The Price to Earnings (P/E) Ratio of Absa Group is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.
Year-to-Year Comparison
Assessing Absa Group's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.
Impact on Investments
The P/E ratio of Absa Group is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.
Interpreting P/E Ratio Fluctuations
Fluctuations in Absa Group’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.
Frequently Asked Questions about Absa Group stock
How has the price-earnings ratio of Absa Group changed compared to last year?
The price-to-earnings ratio of Absa Group has increased by -8.62% fallen (meaning "decreased" or "dropped") compared to last year.
What consequences does a high price-earnings ratio have for investors?
A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.
What does a low price-earnings ratio mean?
A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.
Is the price-earnings ratio of Absa Group high compared to other companies?
Yes, the price-to-earnings ratio of Absa Group is high compared to other companies.
How does an increase in the price-earnings ratio of Absa Group affect the company?
An increase in the price-earnings ratio of Absa Group would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.
How does a reduction in the price-to-earnings ratio of Absa Group affect the company?
A decrease in the price-earnings ratio of Absa Group would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.
What are some factors that influence the price-earnings ratio of Absa Group?
Some factors that influence the price-earnings ratio of Absa Group are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does Absa Group pay?
Over the past 12 months, Absa Group paid a dividend of 13.35 ZAR . This corresponds to a dividend yield of about 0.08 %. For the coming 12 months, Absa Group is expected to pay a dividend of 14.41 ZAR.
What is the dividend yield of Absa Group?
The current dividend yield of Absa Group is 0.08 %.
When does Absa Group pay dividends?
Absa Group pays a quarterly dividend. This is distributed in the months of October, May, October, October.
How secure is the dividend of Absa Group?
Absa Group paid dividends every year for the past 23 years.
What is the dividend of Absa Group?
For the upcoming 12 months, dividends amounting to 14.41 ZAR are expected. This corresponds to a dividend yield of 0.08 %.
In which sector is Absa Group located?
Absa Group is assigned to the 'Finance' sector.
Wann musste ich die Aktien von Absa Group kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Absa Group from 9/16/2024 amounting to 0.38 ZAR, you needed to have the stock in your portfolio before the ex-date on 9/13/2024.
When did Absa Group pay the last dividend?
The last dividend was paid out on 9/16/2024.
What was the dividend of Absa Group in the year 2023?
In the year 2023, Absa Group distributed 11.25 ZAR as dividends.
In which currency does Absa Group pay out the dividend?
The dividends of Absa Group are distributed in ZAR.
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Andere Kennzahlen von Absa Group
Our stock analysis for Absa Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Absa Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
