P/E ratio for Canadian Western Bank (CWB.TO)
P/E ratio as of May 2024 (TTM): 7.99
According to Canadian Western Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.99205. At the end of 2022 the company had a P/E ratio of 7.08.
P/E ratio history for Canadian Western Bank from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.08 | -27.09% |
| 2021 | 9.71 | -3.35% |
| 2020 | 10.0 | -4.27% |
| 2019 | 10.5 | 13.2% |
| 2018 | 9.27 | -42.63% |
| 2017 | 16.2 | 13.93% |
| 2016 | 14.2 | 140.74% |
| 2015 | 5.89 | -50.91% |
| 2014 | 12.0 | -26.77% |
| 2013 | 16.4 | 29.02% |
| 2012 | 12.7 | 1.87% |
| 2011 | 12.5 | 1.08% |
| 2010 | 12.3 | -15.7% |
| 2009 | 14.6 | 90.22% |
| 2008 | 7.69 | -61.92% |
| 2007 | 20.2 | -10.61% |
| 2006 | 22.6 | 13.83% |
| 2005 | 19.8 | 22.96% |
| 2004 | 16.1 | 22.65% |
| 2003 | 13.2 | 16.18% |
| 2002 | 11.3 | -3.93% |
| 2001 | 11.8 |
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.