P/E ratio for Canadian Solar (CSIQ)
P/E ratio as of May 2024 (TTM): 2.77
According to Canadian Solar 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.76535. At the end of 2022 the company had a P/E ratio of 8.28.
P/E ratio history for Canadian Solar from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.28 | -59.23% |
| 2021 | 20.3 | -2.06% |
| 2020 | 20.7 | 168.46% |
| 2019 | 7.73 | 117.16% |
| 2018 | 3.56 | -63.91% |
| 2017 | 9.86 | -7.72% |
| 2016 | 10.7 | 13.63% |
| 2015 | 9.40 | 69.08% |
| 2014 | 5.56 | -88.81% |
| 2013 | 49.7 | -6707.18% |
| 2012 | -0.7522 | -40.33% |
| 2011 | -1.26 | -112.11% |
| 2010 | 10.4 | -77.6% |
| 2009 | 46.5 | -243.91% |
| 2008 | -32.3 | -98.85% |
| 2007 | < -1000 | 4296.56% |
| 2006 | -64.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 SunPower
SPWR | -3.76 | -235.90% | 🇺🇸 USA |
 First Solar
FSLR | 43.8 | 1,485.50% | 🇺🇸 USA |
 Jinko Solar
JKS | 2.28 | -17.67% | 🇨🇳 China |
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.