P/E ratio for Churchill Downs (CHDN)
P/E ratio as of April 2024 (TTM): 25.8
According to Churchill Downs's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.756. At the end of 2022 the company had a P/E ratio of 18.3.
P/E ratio history for Churchill Downs from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.3 | -50.9% |
| 2021 | 37.3 | -139.69% |
| 2020 | -94.1 | -334.57% |
| 2019 | 40.1 | 315.08% |
| 2018 | 9.66 | -63.08% |
| 2017 | 26.2 | 12.57% |
| 2016 | 23.3 | -39.03% |
| 2015 | 38.1 | 3.65% |
| 2014 | 36.8 | 27.23% |
| 2013 | 28.9 | 47.1% |
| 2012 | 19.7 | 43.31% |
| 2011 | 13.7 | -67.44% |
| 2010 | 42.1 | 35.38% |
| 2009 | 31.1 | 59.4% |
| 2008 | 19.5 | -59.12% |
| 2007 | 47.8 | 142.49% |
| 2006 | 19.7 | 214.77% |
| 2005 | 6.26 | -90.76% |
| 2004 | 67.7 | 235.19% |
| 2003 | 20.2 | -21.15% |
| 2002 | 25.6 | 13.67% |
| 2001 | 22.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Scientific Games SGMS | 15.1 | -41.29% | 🇺🇸 USA |
 Penn National Gaming
PENN | -21.5 | -183.55% | 🇺🇸 USA |
 Dover Motorsports DVD | 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.