California Resources Corporation
CRC
#3071
Rank
$3.73 B
Marketcap
$53.96
Share price
3.43%
Change (1 day)
26.58%
Change (1 year)

P/E ratio for California Resources Corporation (CRC)

P/E ratio as of March 2024 (TTM): 8.11

According to California Resources Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.11353. At the end of 2022 the company had a P/E ratio of 6.09.

P/E ratio history for California Resources Corporation from 2020 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20226.099.86%
20215.5556.4%
20203.55

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
N/AN/A๐Ÿ‡จ๐Ÿ‡ฆ Canada
8.88 9.47%๐Ÿ‡บ๐Ÿ‡ธ USA
3.51-56.72%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ 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.