P/E ratio for City Union Bank (CUB.NS)
P/E ratio as of April 2024 (TTM): 12.4
According to City Union Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.4362. At the end of 2022 the company had a P/E ratio of 14.4.
P/E ratio history for City Union Bank from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.4 | -4.45% |
| 2021 | 15.0 | -56.31% |
| 2020 | 34.4 | 49.7% |
| 2019 | 23.0 | 9% |
| 2018 | 21.1 | 9.82% |
| 2017 | 19.2 | 24.21% |
| 2016 | 15.5 | 21.4% |
| 2015 | 12.7 | -9.3% |
| 2014 | 14.1 | 87.54% |
| 2013 | 7.49 | -26.86% |
| 2012 | 10.2 |
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.