Colgate-Palmolive
CL
#228
Rank
$58.02 B
Marketcap
$69.56
Share price
-2.18%
Change (1 day)
-7.38%
Change (1 year)

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 October 2022 (TTM): 30.0

According to Colgate-Palmolive's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.9828. 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
202133.322.41%
202027.28.79%
201925.0
201732.9

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.