P/E ratio for Canadian Utilities (CU.TO)
P/E ratio as of April 2024 (TTM): 13.9
According to Canadian Utilities 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.894. At the end of 2022 the company had a P/E ratio of 17.7.
P/E ratio history for Canadian Utilities from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.7 | -41.61% |
| 2021 | 30.3 | 28.74% |
| 2020 | 23.6 | 94.82% |
| 2019 | 12.1 | -19.71% |
| 2018 | 15.1 | -33.18% |
| 2017 | 22.5 | 28.9% |
| 2016 | 17.5 | -38.69% |
| 2015 | 28.5 | 75.67% |
| 2014 | 16.2 | -4.42% |
| 2013 | 17.0 | -4.14% |
| 2012 | 17.7 | 5.09% |
| 2011 | 16.9 | 4.14% |
| 2010 | 16.2 | 37.3% |
| 2009 | 11.8 | -4.2% |
| 2008 | 12.3 | -18.29% |
| 2007 | 15.1 | -18.88% |
| 2006 | 18.6 | -11.53% |
| 2005 | 21.0 | 69.49% |
| 2004 | 12.4 | -12.45% |
| 2003 | 14.1 | 32.88% |
| 2002 | 10.6 | -19.96% |
| 2001 | 13.3 |
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.