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Tabcorp Holdings Stock

Tabcorp Holdings P/E 2024

Tabcorp Holdings P/E

-1.03

Ticker

TAH.AX

ISIN

AU000000TAH8

WKN

892486

As of Sep 22, 2024, Tabcorp Holdings's P/E ratio was -1.03, a -102.63% change from the 39.13 P/E ratio recorded in the previous year.

The Tabcorp Holdings P/E history

Tabcorp Holdings Aktienanalyse

What does Tabcorp Holdings do?

Tabcorp Holdings Ltd is an Australian company specializing in gambling and betting. It was founded in 1994 and is now one of the largest gambling companies in Australia. Tabcorp's headquarters are located in Melbourne. The company's business model includes a variety of gambling and betting services, including casinos, racing and sports betting platforms, Keno, and lottery games. Tabcorp is not a typical gambling company as it also heavily invests in Australian horse racing. Tabcorp operates three of the six race tracks in Australia. The history of Tabcorp began in 1994 when the Australian state of Victoria privatized the lottery business. Tabcorp was awarded the exclusive right to operate the business. At that time, the company was based in Victoria, but it quickly expanded and soon became a solid national business. In the early 2000s, Tabcorp introduced racecourse and sports betting in Australia by acquiring Tattsbet betting in Queensland, New South Wales, and Victoria. Tabcorp also wanted to further develop in the lottery industry and acquired the Australian lottery company NSW Lotteries in 2004. Tabcorp has also been operating the Stella Lottos game in Victoria since 2012. Today, Tabcorp's various divisions include racing, sports, and lottery betting, as well as horse racing and sports betting. Tabcorp also offers online gaming and mobile gaming applications. In its racecourses, the company provides a wide range of food and entertainment services to offer visitors a comprehensive experience. Tabcorp is also very committed to responsible gambling. The company offers a variety of control mechanisms on its platforms to prevent gambling addiction, including self-exclusion and betting limits. Tabcorp is also a significant supporter of horse racing and Australian sports in general. In 2018, the company sponsored 1,200 horse races and was one of the main sponsors of the Australian Football League (AFL). In summary, Tabcorp is an Australian company specializing in gambling and betting. The company operates casinos, sports betting platforms, racecourses, as well as lottery and Keno games, and is heavily involved in horse racing and other sports. Tabcorp is also actively committed to responsible gambling. Tabcorp Holdings ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering Tabcorp Holdings's P/E Ratio

The Price to Earnings (P/E) Ratio of Tabcorp Holdings 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 Tabcorp Holdings'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 Tabcorp Holdings 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 Tabcorp Holdings’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 Tabcorp Holdings stock

What is the price-to-earnings ratio of Tabcorp Holdings?

The price-earnings ratio of Tabcorp Holdings is currently -1.03.

How has the price-earnings ratio of Tabcorp Holdings changed compared to last year?

The price-to-earnings ratio of Tabcorp Holdings has increased by -102.63% 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 Tabcorp Holdings high compared to other companies?

Yes, the price-to-earnings ratio of Tabcorp Holdings is high compared to other companies.

How does an increase in the price-earnings ratio of Tabcorp Holdings affect the company?

An increase in the price-earnings ratio of Tabcorp Holdings 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 Tabcorp Holdings affect the company?

A decrease in the price-earnings ratio of Tabcorp Holdings 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 Tabcorp Holdings?

Some factors that influence the price-earnings ratio of Tabcorp Holdings are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Tabcorp Holdings pay?

Over the past 12 months, Tabcorp Holdings paid a dividend of 0.02 AUD . This corresponds to a dividend yield of about 3.76 %. For the coming 12 months, Tabcorp Holdings is expected to pay a dividend of 0.03 AUD.

What is the dividend yield of Tabcorp Holdings?

The current dividend yield of Tabcorp Holdings is 3.76 %.

When does Tabcorp Holdings pay dividends?

Tabcorp Holdings pays a quarterly dividend. This is distributed in the months of March, September, March, October.

How secure is the dividend of Tabcorp Holdings?

Tabcorp Holdings paid dividends every year for the past 26 years.

What is the dividend of Tabcorp Holdings?

For the upcoming 12 months, dividends amounting to 0.03 AUD are expected. This corresponds to a dividend yield of 6.23 %.

In which sector is Tabcorp Holdings located?

Tabcorp Holdings is assigned to the 'Cyclical consumption' sector.

Wann musste ich die Aktien von Tabcorp Holdings kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Tabcorp Holdings from 9/20/2024 amounting to 0.003 AUD, you needed to have the stock in your portfolio before the ex-date on 9/2/2024.

When did Tabcorp Holdings pay the last dividend?

The last dividend was paid out on 9/20/2024.

What was the dividend of Tabcorp Holdings in the year 2023?

In the year 2023, Tabcorp Holdings distributed 0.033 AUD as dividends.

In which currency does Tabcorp Holdings pay out the dividend?

The dividends of Tabcorp Holdings are distributed in AUD.

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Andere Kennzahlen von Tabcorp Holdings

Our stock analysis for Tabcorp Holdings 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 Tabcorp Holdings Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.