P/E ratio for Cardinal Health (CAH)
P/E ratio as of June 2023 (TTM): 49.0
According to Cardinal Health's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 49.0339. At the end of 2021 the company had a P/E ratio of 26.8.
P/E ratio history for Cardinal Health from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 26.8 | 136.83% |
| 2020 | 11.3 | -419.24% |
| 2019 | -3.55 | -99.52% |
| 2018 | -743 | -7124.48% |
| 2017 | 10.6 | -38.25% |
| 2016 | 17.1 | -20.34% |
| 2015 | 21.5 | -12.87% |
| 2014 | 24.7 | -59.35% |
| 2013 | 60.7 | 391.14% |
| 2012 | 12.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CVS Health CVS | 23.4 | -52.31% | 🇺🇸 USA |
 Henry Schein
HSIC | 16.6 | -66.08% | 🇺🇸 USA |
 Teleflex TFX | 30.6 | -37.50% | 🇺🇸 USA |
 AmerisourceBergen
ABC | 22.6 | -53.83% | 🇺🇸 USA |
 McKesson MCK | 17.9 | -63.48% | 🇺🇸 USA |
 Premier PINC | 16.9 | -65.47% | 🇺🇸 USA |
 Patterson Companies
PDCO | 13.6 | -72.17% | 🇺🇸 USA |
 Allscripts MDRX | 23.4 | -52.20% | 🇺🇸 USA |
 Owens & Minor
OMI | -38.2 | -177.93% | 🇺🇸 USA |
 Herbalife HLF | 4.69 | -90.43% | 🇺🇸 USA |
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.