P/E ratio for Carpenter Technology (CRS)
P/E ratio as of April 2024 (TTM): 37.5
According to Carpenter Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 37.5. At the end of 2022 the company had a P/E ratio of -308.
P/E ratio history for Carpenter Technology from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -308 | 3000.48% |
| 2021 | -9.93 | 49.34% |
| 2020 | -6.65 | -149.68% |
| 2019 | 13.4 | 9.73% |
| 2018 | 12.2 | -18.68% |
| 2017 | 15.0 | -107.05% |
| 2016 | -213 | -676.37% |
| 2015 | 36.9 | 48.41% |
| 2014 | 24.9 | 3.57% |
| 2013 | 24.0 | 31.17% |
| 2012 | 18.3 | -19.27% |
| 2011 | 22.7 | -68.44% |
| 2010 | 71.9 | -182.66% |
| 2009 | -86.9 | -2110.44% |
| 2008 | 4.32 | -72.68% |
| 2007 | 15.8 | 37.85% |
| 2006 | 11.5 | 8.34% |
| 2005 | 10.6 | -39.46% |
| 2004 | 17.5 | -63.89% |
| 2003 | 48.5 | -2685.36% |
| 2002 | -1.88 | -68.8% |
| 2001 | -6.01 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 6.56 | -82.51% | 🇺🇸 USA |
 Nucor
NUE | 8.90 | -76.28% | 🇺🇸 USA |
 Worthington Industries
WOR | 9.73 | -74.05% | 🇺🇸 USA |
 Steel Dynamics
STLD | 8.49 | -77.35% | 🇺🇸 USA |
 Dynamic Materials Corporation BOOM | 10.0 | -73.25% | 🇺🇸 USA |
 Kennametal KMT | 15.8 | -57.76% | 🇺🇸 USA |
 Haynes International
HAYN | 16.7 | -55.35% | 🇺🇸 USA |
 U.S. Steel
X | 7.32 | -80.49% | 🇺🇸 USA |
 Allegheny Technologies
ATI | 21.4 | -42.96% | 🇺🇸 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.