According to Colas's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.5413. At the end of 2021 the company had a P/E ratio of 15.8.
Year | P/E ratio | Change |
---|---|---|
2021 | 15.8 | -63.1% |
2020 | 42.9 | 143.66% |
2019 | 17.6 | -12.21% |
2018 | 20.0 | 10.95% |
2017 | 18.1 | 39.49% |
2016 | 13.0 | -13.26% |
2015 | 14.9 | 108.47% |
2014 | 7.16 | -44.36% |
2013 | 12.9 | 1.11% |
2012 | 12.7 |
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.