According to Canadian Tire's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.7231. At the end of 2022 the company had a P/E ratio of 14.1.
Year | P/E ratio | Change |
---|---|---|
2022 | 14.1 | -23.36% |
2021 | 18.4 | 9.42% |
2020 | 16.8 | 20.5% |
2019 | 14.0 | -29.15% |
2018 | 19.7 | -8.49% |
2017 | 21.6 | 1.5% |
2016 | 21.2 | -7.92% |
2015 | 23.1 | -23.51% |
2014 | 30.2 | 68.96% |
2013 | 17.8 | 34.85% |
2012 | 13.2 | 4.77% |
2011 | 12.6 | -8.2% |
2010 | 13.8 | -8.61% |
2009 | 15.1 | 53.93% |
2008 | 9.78 | -57.35% |
2007 | 22.9 | -2.17% |
2006 | 23.4 | -19.72% |
2005 | 29.2 | 47.47% |
2004 | 19.8 | 30.03% |
2003 | 15.2 | -2.39% |
2002 | 15.6 | -12.55% |
2001 | 17.8 |
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.