P/E ratio for Cargojet (CJT.TO)
P/E ratio as of April 2024 (TTM): 13.1
According to Cargojet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.1453. At the end of 2022 the company had a P/E ratio of 10.5.
P/E ratio history for Cargojet from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.5 | -37.55% |
| 2021 | 16.9 | -144.18% |
| 2020 | -38.2 | -131.76% |
| 2019 | 120 | 156.29% |
| 2018 | 46.9 | 55.87% |
| 2017 | 30.1 | -84.88% |
| 2016 | 199 | -1556.27% |
| 2015 | -13.7 | -46.87% |
| 2014 | -25.7 | -174.7% |
| 2013 | 34.4 | 78.57% |
| 2012 | 19.3 |
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.