P/E ratio for Cancom (COK.F)
P/E ratio as of April 2024 (TTM): 41.4
According to Cancom's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.3946. At the end of 2022 the company had a P/E ratio of 32.4.
P/E ratio history for Cancom from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 32.4 | 288.1% |
| 2021 | 8.36 | -70.68% |
| 2020 | 28.5 | -43.46% |
| 2019 | 50.4 | 96.33% |
| 2018 | 25.7 | -21.57% |
| 2017 | 32.8 | 50.86% |
| 2016 | 21.7 | -24.42% |
| 2015 | 28.7 | -25.84% |
| 2014 | 38.7 | 55.44% |
| 2013 | 24.9 | 106.69% |
| 2012 | 12.1 | 54.52% |
| 2011 | 7.80 | -33.78% |
| 2010 | 11.8 | 53.02% |
| 2009 | 7.70 |
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.