P/E ratio for Clairvest Group (CVG.TO)
P/E ratio as of May 2024 (TTM): 13.1
According to Clairvest Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.0549. At the end of 2022 the company had a P/E ratio of 3.98.
P/E ratio history for Clairvest Group from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.98 | -40.18% |
| 2021 | 6.66 | -43.46% |
| 2020 | 11.8 | 81.29% |
| 2019 | 6.50 | 6.24% |
| 2018 | 6.12 | 5.58% |
| 2017 | 5.79 | -9.53% |
| 2016 | 6.40 | -37.52% |
| 2015 | 10.2 | -11.22% |
| 2014 | 11.5 | 55.72% |
| 2013 | 7.41 | -23.72% |
| 2012 | 9.72 | 26.56% |
| 2011 | 7.68 | -72.57% |
| 2010 | 28.0 | 51.53% |
| 2009 | 18.5 | 146.3% |
| 2008 | 7.50 | 72.91% |
| 2007 | 4.34 | -78.47% |
| 2006 | 20.1 | -41.67% |
| 2005 | 34.5 | 343.9% |
| 2004 | 7.78 | -91.96% |
| 2003 | 96.7 | 3608.15% |
| 2002 | 2.61 | -77.06% |
| 2001 | 11.4 |
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.