Cargotec
CGCBV.HE
#2603
Rank
$5.08 B
Marketcap
$79.09
Share price
16.35%
Change (1 day)
43.51%
Change (1 year)

P/E ratio for Cargotec (CGCBV.HE)

P/E ratio as of April 2024 (TTM): 18.5

According to Cargotec 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.4964. At the end of 2022 the company had a P/E ratio of 109.

P/E ratio history for Cargotec from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022109847.48%
202111.5-95.59%
20202601091.81%
201921.829.6%
201816.8-27.2%
201723.15.73%
201621.939.54%
201515.7-31.87%
201423.0-24.38%
201330.4122.76%
201213.743.9%
20119.50-70.32%
201032.0-91.72%
2009386

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.