CareTrust REIT
CTRE
#3331
Rank
$3.28 B
Marketcap
$24.37
Share price
0.74%
Change (1 day)
29.15%
Change (1 year)

P/E ratio for CareTrust REIT (CTRE)

P/E ratio as of March 2024 (TTM): 71.7

According to CareTrust REIT 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 71.6765. At the end of 2022 the company had a P/E ratio of -232.

P/E ratio history for CareTrust REIT from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-232-852.8%
202130.918.23%
202026.1-36.76%
201941.360.93%
201825.6-46.46%
201747.959.41%
201630.0-25.93%
201540.6-221.04%
2014-33.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
24.0-66.54%๐Ÿ‡บ๐Ÿ‡ธ USA
-14.2-119.87%๐Ÿ‡บ๐Ÿ‡ธ USA
19.1-73.32%๐Ÿ‡บ๐Ÿ‡ธ USA
19.7-72.53%๐Ÿ‡บ๐Ÿ‡ธ 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.