P/E ratio for Avis Budget Group (CAR)
P/E ratio as of April 2024 (TTM): 2.22
According to Avis Budget Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.21689. At the end of 2022 the company had a P/E ratio of 2.81.
P/E ratio history for Avis Budget Group from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.81 | -72.09% |
| 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 | 45005.09% |
| 2008 | -0.0632 | -95.68% |
| 2007 | -1.46 | 33.84% |
| 2006 | -1.09 | -151.28% |
| 2005 | 2.13 | 15.12% |
| 2004 | 1.85 | -40.2% |
| 2003 | 3.10 | 41.73% |
| 2002 | 2.19 | -74.22% |
| 2001 | 8.48 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Ford F | 8.40 | 279.03% | 🇺🇸 USA |
 Amerco UHAL | 15.9 | 619.44% | 🇺🇸 USA |
 Penske Automotive PAG | 9.03 | 307.45% | 🇺🇸 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.