P/E ratio for Costamare (CMRE)
P/E ratio as of June 2024 (TTM): 4.28
According to Costamare 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.28493. At the end of 2022 the company had a P/E ratio of 2.17.
P/E ratio history for Costamare from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.17 | -43.82% |
| 2021 | 3.87 | -108.88% |
| 2020 | -43.6 | -365.22% |
| 2019 | 16.4 | 27.26% |
| 2018 | 12.9 | 20.84% |
| 2017 | 10.7 | 56.46% |
| 2016 | 6.83 | 9.45% |
| 2015 | 6.24 | -51.46% |
| 2014 | 12.9 | -4.32% |
| 2013 | 13.4 | 15.81% |
| 2012 | 11.6 | 18.79% |
| 2011 | 9.77 | 11.43% |
| 2010 | 8.76 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Euroseas ESEA | 2.55 | -40.56% | 🇬🇷 Greece |
 Danaos DAC | 3.72 | -13.28% | 🇬🇷 Greece |
 Diana Shipping DSX | 3.04 | -29.03% | 🇬🇷 Greece |
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.