Carsales
CAR.AX
#1745
Rank
$8.93 B
Marketcap
$23.70
Share price
-0.84%
Change (1 day)
57.06%
Change (1 year)

P/E ratio for Carsales (CAR.AX)

P/E ratio at the end of 2022: 47.0

According to Carsales's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 61.2513. At the end of 2022 the company had a P/E ratio of 47.0.

P/E ratio history for Carsales from 2010 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202247.0-8.33%
202151.3-7.18%
202055.2-5.8%
201958.6108.69%
201828.1-20.6%
201735.4-4.74%
201637.116.92%
201531.85.1%
201430.2-0%
201330.250.5%
201220.111.28%
201118.0-42.71%
201031.5

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.