Canadian Apartment Properties REIT
CAR-UN.TO
#2508
Rank
$5.52 B
Marketcap
$32.72
Share price
0.18%
Change (1 day)
-7.95%
Change (1 year)

P/E ratio for Canadian Apartment Properties REIT (CAR-UN.TO)

P/E ratio as of May 2024 (TTM): 49.7

According to Canadian Apartment Properties REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 49.7144. At the end of 2022 the company had a P/E ratio of 501.

P/E ratio history for Canadian Apartment Properties REIT from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20225016604.91%
20217.47-19.23%
20209.2531.35%
20197.0435.19%
20185.21-14.13%
20176.07-35.14%
20169.351.82%
20159.185.36%
20148.727.61%
20138.1049.33%
20125.424.49%
20115.19138.73%
20102.17-96.32%
200959.1-119.89%
2008-2971443.26%
2007-19.2-101.14%
2006> 10002378.73%
200568.16.33%
200464.1315.03%
200315.418.05%
200213.1-6.68%
200114.0

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.