Carsales
CAR.AX
#2302
Rank
$5.49 B
Marketcap
$15.64
Share price
0.40%
Change (1 day)
3.17%
Change (1 year)

P/E ratio for Carsales (CAR.AX)

P/E ratio at the end of 2021: 35.4

According to Carsales's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 40.6213. At the end of 2021 the company had a P/E ratio of 35.4.

P/E ratio history for Carsales from 2010 to 2021

PE ratio at the end of each year

Year P/E ratio Change
202135.4-7.18%
202038.2-5.8%
201940.5108.69%
201819.4-20.6%
201724.5-4.74%
201625.716.92%
201522.05.1%
201420.9
201320.950.5%
201213.911.28%
201112.5-42.71%
201021.8

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.