While endorsements by Elon Musk or WallStreetBets may appear to carry more weight for financial assets in 2021, the P/E ratio remains one of the easiest ways to value an ASX stock.

The P/E ratio values a company on the basis of its total earnings. A company with shares at $25 per share but earnings of $1 per share has a P/E ratio of 25.

It is common to assert a company is over- or undervalued compared to its peers, sometimes in a market index or at other times in an individual sector.

According to Market Index the average ASX 200 P/E ratio is 25.63 so the hypothetical company in this case might be considered slightly undervalued.

Of course the P/E ratio is just one of several ways to assess an ASX stock and there are many ways a company’s earnings could be impacted, but if companies are in a similar position and their P/E ratios are different it could be a sign a company is over- or undervalued.

 

Examples of how to use the P/E ratio to assess ASX stocks

Take the two big supermarkets for instance – Coles (ASX:COL) has a P/E ratio of 23 while Woolworths’ (ASX:WOW) is 31.92.

It might be possible to conclude that either Woolworths is overvalued or Coles is undervalued and share prices might move accordingly.

Another example is the ASX’s two major pathology providers. Sonic (ASX:SHL) has a P/E ratio of 14.05 while Healius (ASX:HLS) has 44.61.

Both of these companies have substantially benefited from COVID-19 because they provide testing. While Sonic has seen the greater profit, Healius has seen the greater share price gain and it might be possible to conclude that either Healius is overvalued and will fall or that Sonic is undervalued and will rise.

Nonetheless, there are other factors to consider when valuing a company and one should consider the sustainability of these earnings – which in these companies’ cases have been boosted by COVID-19 tests.

And of course if your company is not generating earnings you cannot use this metric.

But Stockhead has compiled a list of ASX companies which generate earnings and has calculated their P/E ratio.

 

Here’s a list of (earnings positive) ASX stocks by P/E ratio…

Code Company Price YTD % Return P/E ratio Market Cap
CTT CETTIRE LTD 4.1 772.34 3269.54 $ 1,563,076,736.00
ANO ADVANCE NANOTEK LTD 3.48 -20.55 2939.19 $ 212,935,472.00
LRK LARK DISTILLING CO. LTD 5.22 260 2850.9 $ 377,959,424.00
API AUSTRALIAN PHARMA INDUS LTD 1.51 26.04 583.01 $ 743,910,592.00
ABY ADORE BEAUTY GROUP LTD 4.8 -10.78 478.66 $ 451,797,600.00
BLD BORAL LTD 6.5 31.31 430.26 $ 7,170,074,624.00
PPS PRAEMIUM LTD 1.48 124.24 342.59 $ 745,733,568.00
KGN KOGAN.COM LTD 9.12 -51.41 305.8 $ 974,820,480.00
IEL IDP EDUCATION LTD 38.7 95.61 271.47 $ 10,771,611,648.00
TRJ TRAJAN GROUP HOLDINGS LTD 3.41 235.35 $ 442,996,288.00
HUB HUB24 LTD 29.64 39.41 215.74 $ 2,034,033,664.00
NAN NANOSONICS LTD 5.78 -28.02 202.64 $ 1,743,821,952.00
PME PRO MEDICUS LTD 58.53 71.85 197.63 $ 6,109,730,816.00
WTC WISETECH GLOBAL LTD 53.73 75.05 161.35 $ 17,460,375,552.00
RDY READYTECH HOLDINGS LTD 3.89 86.12 160.05 $ 415,326,784.00
KAR KAROON ENERGY LTD 1.82 71.7 156.29 $ 1,009,073,536.00
SEK SEEK LTD 35.19 24.91 150.33 $ 12,454,451,200.00
AEF AUSTRALIAN ETHICAL INVT LTD 13.85 177.91 136.31 $ 1,556,561,920.00
OCL OBJECTIVE CORPORATION LTD 20.87 76.85 121.79 $ 1,970,495,744.00
MAQ MACQUARIE TELECOM GROUP LTD 70.95 35.61 120.96 $ 1,525,231,744.00
ALU ALTIUM LTD 39.02 16.36 105.83 $ 5,129,923,072.00
EHE ESTIA HEALTH LTD 2.26 28.95 98.29 $ 590,858,112.00
DHG DOMAIN HOLDINGS AUSTRALIA LT 5.41 21.44 92.31 $ 3,160,866,560.00
TPW TEMPLE & WEBSTER GROUP LTD 10.61 -4.16 91.43 $ 1,278,005,504.00
CL1 CLASS LTD 2.71 41.65 91.16 $ 337,187,552.00
OTW OVER THE WIRE HOLDINGS LTD 5.45 28.52 89.93 $ 324,702,240.00
LOV LOVISA HOLDINGS LTD 20.67 86.63 89.47 $ 2,221,190,912.00
UWL UNITI GROUP LTD 3.88 126.9 87.09 $ 2,669,223,680.00
S32 SOUTH32 LTD 3.47 44.67 84.83 $ 16,182,914,048.00
JLG JOHNS LYNG GROUP LTD 6.85 119.23 82.36 $ 1,537,145,216.00
BKL BLACKMORES LTD 97.22 29.7 78.4 $ 1,884,536,448.00
ITG INTEGA GROUP LTD 0.89 241.04 76.26 $ 372,302,688.00
OSH OIL SEARCH LTD 4.2 14.75 75.23 $ 8,726,972,416.00
OMH OM HOLDINGS LTD 0.94 60.68 75.05 $ 694,305,920.00
CVW CLEARVIEW WEALTH LTD 0.79 100.4 73.24 $ 528,709,952.00
NWL NETWEALTH GROUP LTD 16.44 4.39 72.95 $ 4,008,282,368.00
BOE BOSS ENERGY LTD 0.31 216.33 72.53 $ 707,990,656.00
ENN ELANOR INVESTOR GROUP 2.17 46.23 72.4 $ 264,557,344.00
ALL ARISTOCRAT LEISURE LTD 47.11 53.36 72.02 $ 31,141,918,720.00
AMS ATOMOS LTD 1.3 35.42 69.07 $ 289,057,056.00
REA REA GROUP LTD 164.74 11.67 67.35 $ 21,770,182,656.00
SXY SENEX ENERGY LTD 4.48 85.52 65.17 $ 829,855,808.00
CUV CLINUVEL PHARMACEUTICALS LTD 31.97 43.33 64.26 $ 1,579,648,512.00
SKI SPARK INFRASTRUCTURE GROUP 2.83 37.8 63.85 $ 4,966,520,832.00
EWC ENERGY WORLD CORP LTD 0.09 26.82 63.42 $ 229,515,856.00
CCX CITY CHIC COLLECTIVE LTD 6.14 50.49 62.98 $ 1,477,256,832.00
SHV SELECT HARVESTS LTD 6.48 24.14 61.98 $ 779,053,888.00
SGR STAR ENTERTAINMENT GRP LTD/T 3.76 2.17 61.53 $ 3,579,573,504.00
WOR WORLEY LTD 10.11 -7.87 61.35 $ 5,304,102,912.00
CGS COGSTATE LTD 2.23 102.73 60.91 $ 384,901,696.00
IPL INCITEC PIVOT LTD 3.08 35.68 60.85 $ 5,982,052,864.00
PWH PWR HOLDINGS LTD 9.98 123.43 59.49 $ 1,000,954,560.00
DMP DOMINO'S PIZZA ENTERPRISES L 121.63 42.46 57.16 $ 10,527,552,512.00
SCG SCENTRE GROUP 3.04 15.27 55.95 $ 15,759,900,672.00
TNE TECHNOLOGY ONE LTD 12.59 54.2 55.8 $ 4,049,999,616.00
IGO IGO LTD 9.41 49.02 54.44 $ 7,125,890,048.00
SVL SILVER MINES LTD 0.25 6.52 53.09 $ 316,498,880.00
MNF MNF GROUP LTD 7.25 67.39 51.55 $ 613,877,440.00
REH REECE LTD 21.32 45.54 48.23 $ 13,772,383,232.00
CAR CARSALES.COM LTD 24.62 27.87 47.18 $ 6,957,012,480.00
PNI PINNACLE INVESTMENT MANAGEME 17.63 154.04 46.18 $ 3,388,851,968.00
CLV CLOVER CORP LTD 1.64 -0.93 45.43 $ 272,960,480.00
BRG BREVILLE GROUP LTD 29.85 17.81 45.3 $ 4,159,882,496.00
HLS HEALIUS LTD 4.72 30.3 44.61 $ 2,941,303,808.00
COH COCHLEAR LTD 220.01 17.73 44.29 $ 14,471,180,288.00
LYC LYNAS RARE EARTHS LTD 7.84 96.98 44.17 $ 7,074,906,624.00
WPL WOODSIDE PETROLEUM LTD 22.01 -0.63 42.94 $ 21,341,595,648.00
CSL CSL LTD 306.83 9.49 42.85 $ 139,813,683,200.00
CWY CLEANAWAY WASTE MANAGEMENT L 3 30.11 42.52 $ 6,184,887,296.00
CPU COMPUTERSHARE LTD 19.48 39 42.51 $ 11,761,845,248.00
TAH TABCORP HOLDINGS LTD 5.15 36.16 41.56 $ 11,466,175,488.00
BBN BABY BUNTING GROUP LTD 5.67 23.49 41.27 $ 750,844,800.00
KLS KELSIAN GROUP LTD 7.14 8.62 41.26 $ 1,559,369,216.00
DDR DICKER DATA LTD 14.51 42.33 40.86 $ 2,507,813,632.00
CKF COLLINS FOODS LTD 13.05 36.95 40.45 $ 1,522,884,224.00
STX STRIKE ENERGY LTD 0.17 -37.5 40.35 $ 354,393,376.00
MAF MA FINANCIAL GROUP LTD 8.94 93.49 40.04 $ 1,399,449,344.00
VEA VIVA ENERGY GROUP LTD 2.28 21.13 39.59 $ 3,555,466,496.00
AST AUSNET SERVICES 2.58 51.04 38.61 $ 9,881,787,392.00
SLA SILK LASER AUSTRALIA LTD 4.6 28.85 38.44 $ 243,497,424.00
ALQ ALS LTD 13.43 41.39 37.53 $ 6,478,978,048.00
ASX ASX LTD 93.02 33.07 37.45 $ 18,008,221,696.00
GDI GDI PROPERTY GROUP 1.1 -5.87 37.32 $ 592,904,832.00
ARB ARB CORP LTD 52.28 72.58 37.21 $ 4,269,997,824.00
JIN JUMBO INTERACTIVE LTD 16.01 16.82 37.08 $ 999,957,184.00
STO SANTOS LTD 6.78 10.51 35.99 $ 14,123,188,224.00
RHC RAMSAY HEALTH CARE LTD 69.38 14.08 35.91 $ 15,879,813,120.00
NMT NEOMETALS LTD 1.08 300.18 35.85 $ 592,246,528.00
IMD IMDEX LTD 2.85 67.5 35.59 $ 1,129,889,280.00
APX APPEN LTD 10.7 -56.34 35.42 $ 1,316,901,632.00
PSQ PACIFIC SMILES GROUP LTD 2.96 17.18 35.2 $ 472,362,528.00
WOT WOTSO PROPERTY 1.4 1.24 35.18 $ 228,090,320.00
IPH IPH LTD 8.71 41.03 35.12 $ 1,903,059,968.00
DTL DATA#3 LTD 5.74 5.37 34.78 $ 885,964,352.00
ALX ATLAS ARTERIA 6.42 3.41 34.55 $ 6,156,896,768.00
DCN DACIAN GOLD LTD 0.25 -39.02 34.27 $ 241,857,504.00
TRS REJECT SHOP LTD/THE 7.4 7.4 33.93 $ 283,616,992.00
IFM INFOMEDIA LTD 1.44 -23.22 33.82 $ 541,097,792.00
LLC LENDLEASE GROUP 10.67 -16.79 33.37 $ 7,349,572,608.00
PSI PSC INSURANCE GROUP LTD 4.5 54.06 32.81 $ 1,452,580,736.00
TWE TREASURY WINE ESTATES LTD 11.32 23.42 32.63 $ 8,171,321,344.00
AMP AMP LTD 1.14 -26.6 32.36 $ 3,739,691,264.00
MGH MAAS GROUP HOLDINGS LTD 4.61 66.24 32.08 $ 1,285,373,184.00
WOW WOOLWORTHS GROUP LTD 39.19 20.57 31.92 $ 47,497,310,208.00
RBL REDBUBBLE LTD 3.6 -34.78 31.67 $ 993,312,832.00
IVC INVOCARE LTD 11.64 3.07 31.59 $ 1,676,866,944.00
IDX INTEGRAL DIAGNOSTICS LTD 4.93 16.75 31.17 $ 999,783,872.00
NEC NINE ENTERTAINMENT CO HOLDIN 3.05 36.47 31.1 $ 5,201,449,472.00
IRE IRESS LTD 11.99 17.98 31.07 $ 2,284,340,736.00
ILU ILUKA RESOURCES LTD 8.93 39.66 31.06 $ 3,779,196,928.00
JHX JAMES HARDIE INDUSTRIES-CDI 53.71 43.74 30.9 $ 23,907,794,944.00
IRI INTEGRATED RESEARCH LTD 1.42 -46.43 30.89 $ 245,700,016.00
AWC ALUMINA LTD 1.86 6.3 30.46 $ 5,382,619,136.00
SDF STEADFAST GROUP LTD 4.98 27.94 30.1 $ 4,868,418,048.00
8VI 8VI HOLDINGS LTD 4.8 182.35 29.95 $ 203,430,832.00
REG REGIS HEALTHCARE LTD 1.98 8.26 29.84 $ 595,650,880.00
WGN WAGNERS HOLDING CO LTD 1.63 -12.57 29.24 $ 306,066,912.00
PFP PROPEL FUNERAL PARTNERS LTD 4.24 54.17 29.2 $ 485,697,824.00
INA INGENIA COMMUNITIES GROUP 6.2 29.85 28.3 $ 2,045,155,328.00
CAJ CAPITOL HEALTH LTD 0.33 23.37 28.22 $ 341,879,168.00
WES WESFARMERS LTD 59 20.94 28.04 $ 66,896,572,416.00
CVN CARNARVON PETROLEUM LTD 0.31 1.67 27.59 $ 477,440,864.00
PPT PERPETUAL LTD 36.94 11.72 27.45 $ 2,092,113,536.00
SOL WASHINGTON H. SOUL PATTINSON 31.24 4.66 27.38 $ 11,273,456,640.00
EHL EMECO HOLDINGS LTD 1.05 -6.87 27.13 $ 567,779,328.00
HLA HEALTHIA LTD 1.9 56.15 26.68 $ 241,018,656.00
PNR PANTORO LTD 0.23 6.82 26.66 $ 331,114,688.00
RWC RELIANCE WORLDWIDE CORP LTD 6.35 61.03 26.39 $ 5,017,101,824.00
BWX BWX LTD 4.36 6.99 25.62 $ 701,472,192.00
FRI FINBAR GROUP LTD 0.83 5.99 25.45 $ 225,862,208.00
TLS TELSTRA CORP LTD 3.95 38.78 25.28 $ 46,978,527,232.00
AUB AUB GROUP LTD 23.85 51 25.11 $ 1,775,848,448.00
UMG UNITED MALT GRP LTD 4.18 2.41 24.88 $ 1,250,568,832.00
CCP CREDIT CORP GROUP LTD 32.07 10.43 24.69 $ 2,158,816,768.00
MAD MADER GROUP LTD 2.38 149.99 24.63 $ 476,000,000.00
BSE BASE RESOURCES LTD 0.31 39.06 24.63 $ 371,073,728.00
EQT EQT HOLDINGS LTD 25.35 -1.06 24.61 $ 533,874,496.00
ORA ORORA LTD 3.39 31.21 24.36 $ 2,969,727,488.00
HDN HOMECO DAILY NEEDS REIT 1.43 20.1 23.95 $ 1,130,649,216.00
LIC LIFESTYLE COMMUNITIES LTD 20.91 64.25 23.92 $ 2,186,038,784.00
DOW DOWNER EDI LTD 5.95 15.62 23.54 $ 4,101,520,896.00
MFG MAGELLAN FINANCIAL GROUP LTD 33.98 -33.74 23.47 $ 6,291,278,336.00
NSR NATIONAL STORAGE REIT 2.38 27.9 23.35 $ 2,828,133,632.00
DXS DEXUS/AU 10.93 18.78 23.27 $ 11,755,928,576.00
COL COLES GROUP LTD 17.51 0.17 23.24 $ 23,357,108,224.00
SNL SUPPLY NETWORK LTD 7.86 45.06 23.18 $ 320,952,864.00
CGC COSTA GROUP HOLDINGS LTD 3.07 -21.74 22.57 $ 1,425,642,368.00
HSN HANSEN TECHNOLOGIES LTD 6.48 77.14 22.49 $ 1,299,361,920.00
PPE PEOPLE INFRASTRUCTURE LTD 4.34 22.96 22.39 $ 411,711,712.00
DRR DETERRA ROYALTIES LTD 3.97 -14.48 22.26 $ 2,098,157,440.00
FID FIDUCIAN GROUP LTD 8.6 44.12 22.2 $ 270,707,552.00
GMA GENWORTH MORTGAGE INSURANCE 2.23 -4.55 21.98 $ 919,906,624.00
CBA COMMONWEALTH BANK OF AUSTRAL 107.17 35.48 21.43 $ 182,873,980,928.00
MPL MEDIBANK PRIVATE LTD 3.42 18.25 21.38 $ 9,418,691,584.00
NHC NEW HOPE CORP LTD 2.02 51.7 21.29 $ 1,681,361,280.00
RWL RUBICON WATER LTD 1.75 21.03 $ 300,798,944.00
AAC AUSTRALIAN AGRICULTURAL CO 1.61 46.36 20.88 $ 970,454,464.00
BGA BEGA CHEESE LTD 5.48 9.12 20.84 $ 1,660,358,144.00
BXB BRAMBLES LTD 10.33 -0.13 20.77 $ 14,817,423,360.00
NHF NIB HOLDINGS LTD 7.25 26.26 20.74 $ 3,323,821,824.00
OZL OZ MINERALS LTD 25.16 35.33 20.72 $ 8,394,759,168.00
PAC PACIFIC CURRENT GROUP LTD 7.14 22.61 20.65 $ 364,408,128.00
EVN EVOLUTION MINING LTD 4.15 -14.34 20.53 $ 7,606,697,984.00
EPD EMPIRED LTD 1.35 102.67 20.53 $ 233,181,920.00
TGR TASSAL GROUP LTD 3.37 4.45 20.5 $ 719,860,480.00
HT1 HT&E LTD 1.99 9.71 20.5 $ 548,434,496.00
CDA CODAN LTD 10.26 -6.6 20.49 $ 1,855,869,184.00
PCG PENGANA CAPITAL GROUP LTD 2.13 40.52 20.45 $ 243,282,704.00
OFX OFX GROUP LTD 1.75 41.87 20.43 $ 428,961,472.00
CDD CARDNO LTD 1.56 392.15 20.36 $ 609,330,560.00
SIQ SMARTGROUP CORP LTD 7.92 24.45 20.33 $ 1,057,652,480.00
UNI UNIVERSAL STORE HOLDINGS LTD 8.01 54.45 20.13 $ 586,298,624.00
GWA GWA GROUP LTD 2.78 -16.67 20.06 $ 737,270,208.00
SRV SERVCORP LTD 4.5 57.61 19.72 $ 435,680,512.00
PPC PEET LTD 1.15 -0.72 19.5 $ 555,795,584.00
MND MONADELPHOUS GROUP LTD 9.69 -24.94 19.49 $ 921,731,200.00
BVS BRAVURA SOLUTIONS LTD 2.71 -13.32 19.32 $ 673,039,360.00
SGLLV RICEGROWERS LIMITED 6.6 5.68 19.08 $ 407,243,680.00
GMG GOODMAN GROUP 23.64 25.9 18.86 $ 44,164,784,128.00
SRG SRG GLOBAL LTD 0.5 25.2 18.5 $ 222,898,208.00
PMV PREMIER INVESTMENTS LTD 31.66 38.51 18.5 $ 5,033,719,296.00
CHC CHARTER HALL GROUP 18.84 29.65 18.4 $ 8,775,240,704.00
GUD G.U.D. HOLDINGS LTD 12.31 10.07 18.35 $ 1,167,690,368.00
PRU PERSEUS MINING LTD 1.72 32.31 18.04 $ 2,110,387,712.00
GOR GOLD ROAD RESOURCES LTD 1.54 18.53 17.76 $ 1,362,381,056.00
AX1 ACCENT GROUP LTD 2.51 14.25 17.66 $ 1,360,085,504.00
MTS METCASH LTD 4.12 24.93 17.65 $ 3,978,031,360.00
MQG MACQUARIE GROUP LTD 198.52 48.53 17.61 $ 74,773,151,744.00
HTA HUTCHISON TELECOMM (AUST) 0.11 -24.14 17.36 $ 1,492,976,000.00
RIC RIDLEY CORP LTD 1.32 46.46 17.16 $ 421,733,376.00
MMS MCMILLAN SHAKESPEARE LTD 13.53 14.83 17.14 $ 1,046,966,400.00
ABC ADBRI LTD 3.1 -3.92 16.66 $ 2,023,145,472.00
SLR SILVER LAKE RESOURCES LTD 1.83 1.96 16.37 $ 1,615,848,192.00
AOF AUSTRALIAN UNITY OFFICE FUND 2.33 13.6 16.36 $ 383,013,408.00
TPG TPG TELECOM LTD 6.38 -9.59 16.26 $ 11,862,599,680.00
MNY MONEY3 CORP LTD 3.23 14.42 16.22 $ 682,257,216.00
SGF SG FLEET GROUP LTD 2.6 11.05 16.01 $ 889,160,768.00
BLX BEACON LIGHTING GROUP LTD 2.66 65.85 15.68 $ 594,034,944.00
ALD AMPOL LTD 30.25 9.44 15.67 $ 7,208,638,464.00
VSL VULCAN STEEL LTD 7.65 15.61 $ 1,005,275,584.00
COF CENTURIA OFFICE REIT 2.32 15.02 15.59 $ 1,381,890,176.00
WBC WESTPAC BANKING CORP 22.68 22.97 15.18 $ 83,203,661,824.00
ING INGHAMS GROUP LTD 3.39 13.47 15.12 $ 1,259,993,856.00
NAB NATIONAL AUSTRALIA BANK LTD 29.66 34.27 15.11 $ 97,343,864,832.00
CVC CVC LTD 2.5 50.08 15.01 $ 292,060,224.00
SDG SUNLAND GROUP LTD 2.7 35.39 14.81 $ 369,655,680.00
DXC DEXUS CONVENIENCE RETAIL REI 3.35 -0.81 14.8 $ 466,145,728.00
NCK NICK SCALI LTD 15.17 67.65 14.59 $ 1,228,770,048.00
MVF MONASH IVF GROUP LTD 0.94 25.17 14.57 $ 364,308,576.00
FWD FLEETWOOD LTD 2.23 14.27 14.57 $ 210,063,200.00
ACL AUSTRALIAN CLINICAL LABS LTD 4.34 14.51 $ 875,959,616.00
BKW BRICKWORKS LTD 22.96 22.9 14.39 $ 3,484,769,280.00
GDG GENERATION DEVELOPMENT GROUP 1.42 115.2 14.33 $ 264,033,920.00
MLX METALS X LTD 0.36 157.14 14.25 $ 326,615,776.00
CWP CEDAR WOODS PROPERTIES LTD 5.72 -4.69 14.13 $ 469,771,328.00
SHL SONIC HEALTHCARE LTD 38.71 23.4 14.05 $ 18,568,005,632.00
SUN SUNCORP GROUP LTD 11.23 22.8 13.89 $ 14,407,715,840.00
GNG GR ENGINEERING SERVICES LTD 2.02 78.57 13.58 $ 325,688,544.00
ELD ELDERS LTD 12.1 24.95 13.55 $ 1,893,366,528.00
CNI CENTURIA CAPITAL GROUP 3.25 26.1 13.51 $ 2,560,585,728.00
BST BEST & LESS GROUP HOLDINGS L 3.68 13.42 $ 461,350,304.00
PDL PENDAL GROUP LTD 6.8 6.45 13.27 $ 2,602,209,536.00
NWH NRW HOLDINGS LTD 1.65 -40.48 13.25 $ 754,886,208.00
NCM NEWCREST MINING LTD 25.72 2.84 13.16 $ 21,037,883,392.00
AVJ AVJENNINGS LTD 0.61 22.32 13.11 $ 247,800,752.00
BOQ BANK OF QUEENSLAND LTD 8.63 19.86 12.97 $ 5,530,876,928.00
SGM SIMS LTD 14.8 13.64 12.97 $ 2,932,871,424.00
ANZ AUST AND NZ BANKING GROUP 28.07 30.04 12.89 $ 79,201,730,560.00
MYS MYSTATE LTD 5 7.59 12.86 $ 527,507,200.00
KSC K & S CORP LTD 1.8 33.93 12.75 $ 235,949,984.00
BFG BELL FINANCIAL GROUP LTD 1.87 8.88 12.71 $ 598,187,456.00
AFG AUSTRALIAN FINANCE GROUP LTD 2.41 -4.01 12.6 $ 648,600,576.00
SSM SERVICE STREAM LTD 0.87 -49.99 12.36 $ 535,879,200.00
PGH PACT GROUP HOLDINGS LTD 3.12 21.28 12.26 $ 1,074,184,960.00
SXL SOUTHERN CROSS MEDIA GROUP L 2.23 1.87 12.25 $ 589,197,312.00
MGR MIRVAC GROUP 2.79 7.53 12.17 $ 11,000,044,544.00
GEM G8 EDUCATION LTD 1.11 -6.36 12.13 $ 936,366,272.00
BHP BHP GROUP LTD 36.66 -5.6 11.96 $ 181,627,568,128.00
CSR CSR LTD 5.99 22.13 11.9 $ 2,907,442,944.00
SVW SEVEN GROUP HOLDINGS LTD 21.93 -4.06 11.89 $ 7,966,304,768.00
ANN ANSELL LTD 31.33 -7.42 11.89 $ 4,010,438,144.00
ABA AUSWIDE BANK LTD 6.67 19.26 11.76 $ 288,919,776.00
UOS UNITED OVERSEAS AUSTRALIA 0.7 -6.15 11.68 $ 1,073,669,248.00
WGX WESTGOLD RESOURCES LTD 2.12 -18.71 11.64 $ 902,051,840.00
ASG AUTOSPORTS GROUP LTD 2.4 72.09 11.51 $ 483,607,936.00
JBH JB HI-FI LTD 50.63 10.76 11.49 $ 5,837,103,104.00
NIC NICKEL MINES LTD 1.03 -3.01 11.44 $ 2,603,055,104.00
RMS RAMELIUS RESOURCES LTD 1.73 4.03 11.02 $ 1,434,935,680.00
GNC GRAINCORP LTD-A 6.68 61.95 10.96 $ 1,528,755,584.00
AVG AUSTRALIAN VINTAGE LTD 0.84 44.88 10.88 $ 212,216,336.00
BCI BCI MINERALS LTD 0.47 58.33 10.76 $ 284,980,000.00
IGL IVE GROUP LTD 1.76 35.07 10.59 $ 252,575,744.00
AZJ AURIZON HOLDINGS LTD 3.43 -5.29 10.54 $ 6,313,614,848.00
AMI AURELIA METALS LTD 0.41 -3.49 10.38 $ 512,728,864.00
PTM PLATINUM ASSET MANAGEMENT 2.91 -24.53 10.33 $ 1,707,235,584.00
APE EAGERS AUTOMOTIVE LTD 13.75 7.23 10.27 $ 3,532,830,208.00
VRT VIRTUS HEALTH LTD 5.52 8.2 10.24 $ 472,164,224.00
SHJ SHINE JUSTICE LTD 1.5 74.26 10.14 $ 260,632,448.00
NST NORTHERN STAR RESOURCES LTD 10.63 -14.59 10.13 $ 12,379,816,960.00
ECX ECLIPX GROUP LTD 2.5 40.85 10.12 $ 782,265,984.00
BWP BWP TRUST 4.12 -4.77 10.06 $ 2,646,621,184.00
ALK ALKANE RESOURCES LTD 0.94 -1.57 10.03 $ 559,848,384.00
MLD MACA LTD 0.8 -30.44 10.01 $ 273,368,672.00
MHJ MICHAEL HILL INTERNATIONAL L 1.16 83.6 9.93 $ 450,411,040.00
SUL SUPER RETAIL GROUP LTD 13.11 33.87 9.82 $ 2,960,585,472.00
GDF GARDA PROPERTY GROUP 1.54 28.94 9.8 $ 351,710,528.00
ADH ADAIRS LTD 3.67 18.31 9.75 $ 620,512,896.00
SGP STOCKLAND 4.35 7.01 9.38 $ 10,384,196,608.00
BEN BENDIGO AND ADELAIDE BANK 9.14 3.41 9.32 $ 5,131,918,848.00
LFG LIBERTY FINANCIAL GROUP 5.66 -25.46 9.28 $ 1,718,376,064.00
ARF ARENA REIT 4.48 60.61 9.27 $ 1,548,289,408.00
NGI NAVIGATOR GLOBAL INVESTMENTS 1.85 13.37 9.2 $ 373,930,208.00
GPT GPT GROUP 5.1 20.22 9.09 $ 9,769,445,376.00
BPT BEACH ENERGY LTD 1.25 -29.68 9.01 $ 2,851,666,944.00
GLB GLOBE INTERNATIONAL LTD 7.22 141.37 9 $ 299,368,768.00
MYR MYER HOLDINGS LTD 0.5 74.14 8.84 $ 414,745,792.00
BSL BLUESCOPE STEEL LTD 20.74 21.33 8.83 $ 10,334,892,032.00
SIG SIGMA HEALTHCARE LTD 0.52 -12.79 8.77 $ 550,823,744.00
ASB AUSTAL LTD 1.88 -27.03 8.31 $ 678,484,032.00
CDP CARINDALE PROPERTY TRUST 4.66 2.38 8.28 $ 332,177,920.00
RFF RURAL FUNDS GROUP 2.84 14.4 8.14 $ 1,083,082,752.00
WAF WEST AFRICAN RESOURCES LTD 1.38 32.54 8.07 $ 1,364,781,952.00
CQR CHARTER HALL RETAIL REIT 4.1 15.47 8.06 $ 2,371,355,904.00
APZ ASPEN GROUP 1.72 45.98 7.88 $ 236,992,336.00
CQE CHARTER HALL SOCIAL INFRASTR 3.73 20.07 7.75 $ 1,358,279,552.00
CGF CHALLENGER LTD 6.75 8.05 7.66 $ 4,577,622,528.00
RRL REGIS RESOURCES LTD 2.14 -39 7.6 $ 1,615,222,144.00
HVN HARVEY NORMAN HOLDINGS LTD 5.1 15.96 7.55 $ 6,354,633,728.00
SST STEAMSHIPS TRADING COMPANY 9 -4.39 7.51 $ 279,074,176.00
SFC SCHAFFER CORP LTD 20.8 18.45 7.3 $ 285,564,768.00
JMS JUPITER MINES LTD 0.24 -14.28 7.16 $ 470,157,856.00
ABP ABACUS PROPERTY GROUP 3.54 30.74 7.16 $ 2,944,649,728.00
RMC RESIMAC GROUP LTD 1.87 -11.32 7.09 $ 762,398,080.00
CMW CROMWELL PROPERTY GROUP 0.83 1.71 7.09 $ 2,185,587,968.00
ECF ELANOR COMMERCIAL PROPERTY F 1.09 10.76 7.07 $ 306,707,936.00
KSL KINA SECURITIES LTD 0.83 0.57 7.04 $ 238,156,800.00
HPI HOTEL PROPERTY INVESTMENTS 3.52 11.6 7.01 $ 677,950,784.00
MGX MOUNT GIBSON IRON LTD 0.38 -56.68 7 $ 466,068,704.00
LGL LYNCH GROUP HOLDINGS LTD 3.45 6.82 $ 421,128,096.00
SCP SHOPPING CENTRES AUSTRALASIA 2.78 13.23 6.48 $ 3,086,337,024.00
DDH DDH1 LTD 1.16 6.41 $ 397,653,440.00
SFR SANDFIRE RESOURCES LTD 5.78 21.76 6.4 $ 2,369,695,232.00
HUM HUMM GROUP LTD 0.81 -27.56 6.35 $ 403,643,680.00
PWR PETER WARREN AUTOMOTIVE HOLD 3.17 6.32 $ 527,980,000.00
ADI DEXUS INDUSTRIA REIT 3.31 22.48 6.29 $ 1,056,428,096.00
LEP ALE PROPERTY GROUP 5.54 24.06 6.14 $ 1,110,530,816.00
EZL EUROZ LTD 1.75 24.34 6.02 $ 345,768,768.00
PPM PEPPER MONEY LTD/AU 2.35 5.95 $ 1,032,838,912.00
MIN MINERAL RESOURCES LTD 39.19 10.76 5.82 $ 7,401,039,872.00
GOZ GROWTHPOINT PROPERTIES AUSTR 4.09 20.08 5.7 $ 3,157,713,152.00
RIO RIO TINTO LTD 89.14 -13.2 5.6 $ 134,603,382,784.00
AIS AERIS RESOURCES LTD 0.17 70 5.32 $ 379,076,992.00
MAH MACMAHON HOLDINGS LTD 0.19 -26.02 5.17 $ 409,447,296.00
WPRDA WAYPOINT REIT 2.65 1.39 4.94 $ 1,916,248,704.00
TBR TRIBUNE RESOURCES LTD 4.77 -17.15 4.93 $ 250,272,720.00
VGI VGI PARTNERS LTD 4.51 -43.24 4.82 $ 314,825,824.00
AVN AVENTUS GROUP 3.39 29.38 4.69 $ 1,934,772,352.00
CLW CHARTER HALL LONG WALE REIT 4.77 7.74 4.29 $ 3,025,309,184.00
IAP IRONGATE GROUP 1.6 29.98 4.26 $ 1,032,498,688.00
CBO COBRAM ESTATE OLIVES LTD 2 3.69 $ 772,936,000.00
FMG FORTESCUE METALS GROUP LTD 15.45 -21.81 3.37 $ 47,570,006,016.00
CIP CENTURIA INDUSTRIAL REIT 3.66 22.78 3.23 $ 2,316,463,360.00
ZIM ZIMPLATS HOLDINGS LTD 23.19 92.29 3.23 $ 2,496,116,992.00
SWM SEVEN WEST MEDIA LTD 0.63 90.91 3.05 $ 994,686,976.00
GRR GRANGE RESOURCES LTD 0.58 111.59 1.96 $ 671,256,448.00

 

The ASX stock with the highest P/E ratio is high end fashion outlet Cettire (ASX:CTT) with a P/E ratio of over 3,000.

Cettire listed at the back end of last year at only 50 cents and is now over $4 which capitalises the business at well over $1.6 billion. While its revenue soared in FY21 and beat prospectus estimates, it is still only $92.4 million and it made a net loss of $251,000.

A significant portion of the top 50 businesses are tech businesses including Altium (ASX:ALU), WiseTech (ASX:WTC), Class (ASX:CL1),  Hub 24 (ASX:HUB) and NetWealth (ASX:NWL).

Other stocks with high P/E ratios right now include Adore Beauty (ASX:ABY), Kogan (ASX:KGN) and Australian Ethical (ASX:AEF).

On the flip side, stocks with lower P/E ratios include property stocks, industrials and financials (other than the banks).

Examples include Humm (ASX:HUM), Peter Warren (ASX:PWR), Pepper Money (ASX:PPM), Kina Securities (ASX:KSL) and DDH1 (ASX:DDH).