AA P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
AA's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
AA P/E ratio by year
Yearly range of AA’s p/e ratio from 2016 to 2026. Over the full period it ranged from -479.0 to 208.3, averaging -8.7.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 8.7 | 13.7 | 21.0 | 10.3 |
| 2025 | -247.1 | -45.2 | 12.5 | 11.9 |
| 2024 | -236.1 | -14.2 | -6.9 | -236.1 |
| 2023 | -65.3 | -18.2 | -3.2 | -6.9 |
| 2022 | -60.0 | 1.4 | 43.0 | -54.1 |
| 2021 | -100.8 | -21.0 | 27.0 | 27.0 |
| 2020 | -25.3 | -3.9 | -0.9 | -25.3 |
| 2019 | -44.3 | -6.4 | 25.8 | -3.6 |
| 2018 | -479.0 | -49.8 | 81.4 | 22.2 |
| 2017 | -17.6 | 61.7 | 208.3 | 35.2 |
| 2016 | -5.3 | -4.2 | -3.2 | -4.7 |
Get notified when AA P/E ratio crosses a threshold
Free — one alert setup, notifications by push, Telegram, or Discord.
How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is AA P/E ratio High or Low Right Now?
Alcoa Corporation's P/E ratio is currently 10.3, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for AA is approximately -2.7. See all AA valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.