CARE's Ratings
CARERATING.NS
#6849
Rank
C$0.68 B
Marketcap
$22.77
Share price
-2.13%
Change (1 day)
52.24%
Change (1 year)

P/E ratio for CARE's Ratings (CARERATING.NS)

P/E ratio as of December 2024 (TTM): 43.9

According to CARE's Ratings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 43.9058. At the end of 2022 the company had a P/E ratio of 20.7.

P/E ratio history for CARE's Ratings from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202220.7-11.13%
202123.318.46%
202019.77.87%
201918.2-10.5%
201820.4

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.