P/E ratio for Carel Industries (CRL.MI)
P/E ratio as of May 2024 (TTM): 53.4
According to Carel Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 53.4259. At the end of 2022 the company had a P/E ratio of 37.9.
P/E ratio history for Carel Industries from 2018 to 2018
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 37.9 | -30.18% |
| 2021 | 54.3 | -0.94% |
| 2020 | 54.8 | 38.38% |
| 2019 | 39.6 | 34.24% |
| 2018 | 29.5 |
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.