Abrdn Australia Equity Fund Inc

Abrdn Australia Equity Fund Incverified

IAF

Price:

$4.505

Market Cap:

$119.91M

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors. It employs fundamental analysis with a bottom-up and top-down stock picking approach with focus on factors like growth prospects, competitive positions in domestic and export markets, technology, research and development, productivity, labor and raw material costs, profit margins, return on investment, capital resources, quality of management, and governm...[Read more]

Industry

Asset Management

IPO Date

1985-12-16

Stock Exchange

NYSE

Ticker

IAF

The PE Ratio as of November 2024 (TTM) for Abrdn Australia Equity Fund Inc (IAF) is 32.18

According to Abrdn Australia Equity Fund Inc’s latest financial reports and current stock price. The company's current PE Ratio is 32.18. This represents a change of 1.96% compared to the average of 1.56 of the last 4 quarters.

Abrdn Australia Equity Fund Inc (IAF) Historical PE Ratio (quarterly & annually)

How has IAF PE Ratio performed in the past?

The mean historical PE Ratio of Abrdn Australia Equity Fund Inc over the last ten years is -3.44. The current 32.18 PE Ratio has changed -93705.65% with respect to the historical average. Over the past ten years (40 quarters), IAF's PE Ratio was at its highest in in the July 2016 quarter at 84.87. The PE Ratio was at its lowest in in the April 2015 quarter at -28.76.

Quarterly (TTM)
Annual

Average

-3.44

Median

-0.04

Minimum

-59.57

Maximum

60.06

Abrdn Australia Equity Fund Inc (IAF) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Abrdn Australia Equity Fund Inc PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual PE Ratio = 60.06

Minimum Annual Increase = -1858.63%

Minimum Annual PE Ratio = -59.57

Quarterly (TTM)
Annual
YearPE RatioChange
202360.06-1858.63%
2022-3.42-202.25%
20213.34-105.61%
2020-59.57-1070.98%
20196.13-128.64%
2018-21.42-422.54%
20176.64-34.31%
201610.11-326.47%
2015-4.46-85.96%
2014-31.80-240.32%

Abrdn Australia Equity Fund Inc (IAF) Average PE Ratio

How has IAF PE Ratio performed in the past?

The current PE Ratio of Abrdn Australia Equity Fund Inc (IAF) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

20.00

5-year avg

1.31

10-year avg

-3.44

Abrdn Australia Equity Fund Inc (IAF) PE Ratio vs. Peers

How is IAF’s PE Ratio compared to its peers?

Abrdn Australia Equity Fund Inc’s PE Ratio is less than Abrdn Asia-Pacific Income Fund Inc (235.88), greater than Virtus Stone Harbor Emerging Markets Total Income Fund (-2.86), greater than Abrdn Japan Equity Fund Inc (7.42), greater than Virtus Stone Harbor Emerging Markets Income Fund (4.18), greater than Tortoise Pipeline & Energy Fund, Inc. (4.38), greater than Invesco High Income 2023 Target Term Fund (-27.41), greater than ClearBridge MLP and Midstream Total Return Fund Inc. (3.09), greater than Nuveen Multi-Market Income Fund (5.38), greater than First Trust Dynamic Europe Equity Income Fund (-8.12), greater than The New Germany Fund, Inc. (-11.93), greater than Eagle Point Income Company Inc. (4.72), greater than Western Asset High Yield Defined Opportunity Fund Inc. (8.24), greater than Nuveen New York Municipal Value Fund (14.17), greater than The European Equity Fund, Inc. (7.81), greater than MFS Charter Income Trust (9.78), greater than The Central and Eastern Europe Fund, Inc. (4.82), greater than Fiera Capital Corporation (18.45),

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