Canadian National Railway
CNI
#189
Rank
$84.59 B
Marketcap
$131.64
Share price
0.02%
Change (1 day)
13.55%
Change (1 year)

P/E ratio for Canadian National Railway (CNI)

P/E ratio as of February 2024 (TTM): 24.0

According to Canadian National Railway's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.0206. 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
202221.0-6.43%
202122.5-23.57%
202029.444.48%
201920.423.36%
201816.514.56%
201714.4-23.53%
201618.813.63%
201516.6-16.43%
201419.83.58%
201319.229.76%
201214.82.48%
201114.4-4.85%
201015.1-1.64%
200915.453.69%
200810.0-10.51%
200711.2-8.84%
200612.3-27.01%
200516.8-4.77%
200417.711.49%
200315.813.63%
200213.914.02%
200112.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
24.6 2.54%๐Ÿ‡บ๐Ÿ‡ธ USA
20.4-15.25%๐Ÿ‡บ๐Ÿ‡ธ USA
28.1 17.09%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.