P/E ratio for CareTrust REIT (CTRE)
P/E ratio as of March 2023 (TTM): -226
According to CareTrust REIT 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -226.375. At the end of 2021 the company had a P/E ratio of 30.9.
P/E ratio history for CareTrust REIT from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 30.9 | |
| 2019 | 41.3 | 60.93% |
| 2018 | 25.6 | |
| 2016 | 30.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Extra Space Storage
EXR | 21.7 | -109.57% | 🇺🇸 USA |
 Vornado Realty Trust
VNO | 28.0 | -112.37% | 🇺🇸 USA |
 Getty Realty GTY | 19.9 | -108.79% | 🇺🇸 USA |
 Kilroy Realty KRC | 14.9 | -106.57% | 🇺🇸 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.