P/E ratio for Carsales (CAR.AX)
P/E ratio at the end of 2022: 31.3
According to Carsales's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 58.9547. At the end of 2022 the company had a P/E ratio of 31.3.
P/E ratio history for Carsales from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 31.3 | -8.33% |
| 2021 | 34.2 | -7.18% |
| 2020 | 36.8 | -5.8% |
| 2019 | 39.1 | 108.69% |
| 2018 | 18.7 | -20.6% |
| 2017 | 23.6 | -4.74% |
| 2016 | 24.7 | 16.92% |
| 2015 | 21.2 | 5.1% |
| 2014 | 20.1 | -0% |
| 2013 | 20.1 | 50.5% |
| 2012 | 13.4 | 11.28% |
| 2011 | 12.0 | -42.71% |
| 2010 | 21.0 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.