P/E ratio for Celanese (CE)
P/E ratio as of April 2024 (TTM): 13.2
According to Celanese's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.2218. At the end of 2022 the company had a P/E ratio of 5.85.
P/E ratio history for Celanese from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.85 | -40.73% |
| 2021 | 9.87 | 29.41% |
| 2020 | 7.63 | -57.82% |
| 2019 | 18.1 | 79.65% |
| 2018 | 10.1 | -42.58% |
| 2017 | 17.5 | 38.22% |
| 2016 | 12.7 | -62.15% |
| 2015 | 33.5 | 123.47% |
| 2014 | 15.0 | 88.9% |
| 2013 | 7.94 | -30.5% |
| 2012 | 11.4 | -29.59% |
| 2011 | 16.2 | -5.86% |
| 2010 | 17.2 | 78.7% |
| 2009 | 9.64 | 41.14% |
| 2008 | 6.83 | -56.43% |
| 2007 | 15.7 | 52.02% |
| 2006 | 10.3 | -8.32% |
| 2005 | 11.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dow DOW | 31.2 | 135.98% | 🇺🇸 USA |
 Eastman Chemical
EMN | 19.3 | 46.06% | 🇺🇸 USA |
 Exxon Mobil XOM | 11.6 | -12.58% | 🇺🇸 USA |
 Dupont De Nemours DD | 7.59 | -42.59% | 🇺🇸 USA |
 Westlake Chemical
WLK | 15.9 | 20.24% | 🇺🇸 USA |
 W. R. Grace GRA | N/A | N/A | 🇺🇸 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.