P/E ratio for Canadian Apartment Properties REIT (CAR-UN.TO)
P/E ratio as of April 2024 (TTM): 48.1
According to Canadian Apartment Properties REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 48.0534. 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 |
|---|---|---|
| 2022 | 501 | 6604.91% |
| 2021 | 7.47 | -19.23% |
| 2020 | 9.25 | 31.35% |
| 2019 | 7.04 | 35.19% |
| 2018 | 5.21 | -14.13% |
| 2017 | 6.07 | -35.14% |
| 2016 | 9.35 | 1.82% |
| 2015 | 9.18 | 5.36% |
| 2014 | 8.72 | 7.61% |
| 2013 | 8.10 | 49.33% |
| 2012 | 5.42 | 4.49% |
| 2011 | 5.19 | 138.73% |
| 2010 | 2.17 | -96.32% |
| 2009 | 59.1 | -119.89% |
| 2008 | -297 | 1443.26% |
| 2007 | -19.2 | -101.14% |
| 2006 | > 1000 | 2378.73% |
| 2005 | 68.1 | 6.33% |
| 2004 | 64.1 | 315.03% |
| 2003 | 15.4 | 18.05% |
| 2002 | 13.1 | -6.68% |
| 2001 | 14.0 |
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.