Looking into the current session, Ameresco Inc. (NYSE:AMRC) shares are trading at $16.10, after a 0.31% increase. Moreover, over the past month, the stock increased by 17.95%, but in the past year, fell by 49.66%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.

Ameresco P/E Ratio Analysis in Relation to Industry Peers

The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued.

Ameresco has a lower P/E than the aggregate P/E of 205.48 of the Construction & Engineering industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued.