P/E ratio for Cerner (CERN)
P/E ratio as of April 2024 (TTM): 47.5
According to Cerner's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 47.46. At the end of 2021 the company had a P/E ratio of 49.7.
P/E ratio history for Cerner from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 49.7 | 61.37% |
| 2020 | 30.8 | -30.39% |
| 2019 | 44.2 | 60.18% |
| 2018 | 27.6 | 6.89% |
| 2017 | 25.8 | 2.47% |
| 2016 | 25.2 | -34.25% |
| 2015 | 38.3 | -8.72% |
| 2014 | 42.0 | -12.62% |
| 2013 | 48.1 | 43.83% |
| 2012 | 33.4 | -0.45% |
| 2011 | 33.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 General Electric GE | 18.6 | -60.77% | 🇺🇸 USA |
 3M MMM | -6.90 | -114.53% | 🇺🇸 USA |
 McKesson MCK | 21.0 | -55.72% | 🇺🇸 USA |
 Omnicell
OMCL | -35.6 | -175.06% | 🇺🇸 USA |
 Computer Programs and Systems CPSI | 27.8 | -41.32% | 🇺🇸 USA |
 Allscripts MDRX | 16.1 | -66.16% | 🇺🇸 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.