P/E ratio for CCL Industries (CCL-B.TO)
P/E ratio as of April 2024 (TTM): 19.6
According to CCL Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.6102. At the end of 2022 the company had a P/E ratio of 16.5.
P/E ratio history for CCL Industries from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.5 | -18.87% |
| 2021 | 20.4 | 4.33% |
| 2020 | 19.5 | -5.42% |
| 2019 | 20.6 | 8.86% |
| 2018 | 19.0 | -11.85% |
| 2017 | 21.5 | -19.11% |
| 2016 | 26.6 | 0.74% |
| 2015 | 26.4 | 32.33% |
| 2014 | 19.9 | -23.45% |
| 2013 | 26.1 | 76.4% |
| 2012 | 14.8 | 19.85% |
| 2011 | 12.3 | -9.69% |
| 2010 | 13.6 | -36.7% |
| 2009 | 21.6 | 29.39% |
| 2008 | 16.7 | 98.14% |
| 2007 | 8.41 | -28.54% |
| 2006 | 11.8 | 108.82% |
| 2005 | 5.64 | -44.83% |
| 2004 | 10.2 | -10.33% |
| 2003 | 11.4 | -61.94% |
| 2002 | 29.9 | 43.54% |
| 2001 | 20.9 |
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.