P/E ratio for Avis Budget Group (CAR)
P/E ratio as of June 2023 (TTM): 3.11
According to Avis Budget Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.1079. At the end of 2021 the company had a P/E ratio of 10.1.
P/E ratio history for Avis Budget Group from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 10.1 | -362.07% |
| 2020 | -3.84 | -148.21% |
| 2019 | 7.96 | -24.93% |
| 2018 | 10.6 | 7.54% |
| 2017 | 9.86 | -50.8% |
| 2016 | 20.0 | 66.25% |
| 2015 | 12.1 | -57.47% |
| 2014 | 28.3 | -90.18% |
| 2013 | 289 | 3847.61% |
| 2012 | 7.31 | -119.1% |
| 2011 | -38.3 | -230.41% |
| 2010 | 29.4 | -202.93% |
| 2009 | -28.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Ford F | -32.6 | -1,148.69% | 🇺🇸 USA |
 Amerco UHAL | 8.57 | 175.83% | 🇺🇸 USA |
 Penske Automotive PAG | 8.10 | 160.70% | 🇺🇸 USA |
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.