Colgate-Palmolive Company is an American company specializing in the manufacturing and marketing of cleaning and hygiene products such as detergents, soaps, toothpaste and toothbrushes. The brand is enjoying a strong reputation in many countries.
P/E ratio for Colgate-Palmolive (CL)
P/E ratio as of May 2023 (TTM): 35.6
According to Colgate-Palmolive's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 35.6425. At the end of 2021 the company had a P/E ratio of 33.3.
P/E ratio history for Colgate-Palmolive from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 33.3 | 22.41% |
| 2020 | 27.2 | 8.79% |
| 2019 | 25.0 | |
| 2017 | 32.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Procter & Gamble PG | 24.6 | -30.85% | 🇺🇸 USA |
 Church & Dwight
CHD | 55.3 | 55.18% | 🇺🇸 USA |
 Clorox CLX | 265 | 643.70% | 🇺🇸 USA |
 Kimberly-Clark KMB | 23.3 | -34.72% | 🇺🇸 USA |
 Unilever UL | 25.4 | -28.73% | 🇬🇧 UK |
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.