P/E ratio for Carpenter Technology (CRS)
P/E ratio as of March 2023 (TTM): -334
According to Carpenter Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -333.667. At the end of 2021 the company had a P/E ratio of -9.93.
P/E ratio history for Carpenter Technology from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 4.30 | -101.29% | 🇺🇸 USA |
 Nucor
NUE | 4.64 | -101.39% | 🇺🇸 USA |
 Worthington Industries
WOR | 12.1 | -103.61% | 🇺🇸 USA |
 Steel Dynamics
STLD | 4.85 | -101.45% | 🇺🇸 USA |
 Dynamic Materials Corporation BOOM | -112 | -66.39% | 🇺🇸 USA |
 Kennametal KMT | 18.0 | -105.40% | 🇺🇸 USA |
 Haynes International
HAYN | 16.4 | -104.91% | 🇺🇸 USA |
 U.S. Steel
X | 1.91 | -100.57% | 🇺🇸 USA |
 Allegheny Technologies
ATI | 223 | -166.97% | 🇺🇸 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.