P/E ratio for Canadian National Railway (CNI)
P/E ratio as of April 2024 (TTM): 22.4
According to Canadian National Railway's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.4236. At the end of 2022 the company had a P/E ratio of 21.0.
P/E ratio history for Canadian National Railway from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.0 | -6.43% |
| 2021 | 22.5 | -23.57% |
| 2020 | 29.4 | 44.48% |
| 2019 | 20.4 | 23.36% |
| 2018 | 16.5 | 14.56% |
| 2017 | 14.4 | -23.53% |
| 2016 | 18.8 | 13.63% |
| 2015 | 16.6 | -16.43% |
| 2014 | 19.8 | 3.58% |
| 2013 | 19.2 | 29.76% |
| 2012 | 14.8 | 2.48% |
| 2011 | 14.4 | -4.85% |
| 2010 | 15.1 | -1.64% |
| 2009 | 15.4 | 53.69% |
| 2008 | 10.0 | -10.51% |
| 2007 | 11.2 | -8.84% |
| 2006 | 12.3 | -27.01% |
| 2005 | 16.8 | -4.77% |
| 2004 | 17.7 | 11.49% |
| 2003 | 15.8 | 13.63% |
| 2002 | 13.9 | 14.02% |
| 2001 | 12.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Union Pacific Corporation UNP | 22.2 | -0.81% | 🇺🇸 USA |
 CSX Corporation CSX | 17.9 | -20.25% | 🇺🇸 USA |
 Norfolk Southern NSC | 25.7 | 14.83% | 🇺🇸 USA |
 Kansas City Southern
KSU | N/A | N/A | 🇺🇸 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.