Comerica
CMA
#2290
Rank
$6.25 B
Marketcap
$47.14
Share price
0.13%
Change (1 day)
11.13%
Change (1 year)

P/E ratio for Comerica (CMA)

P/E ratio as of June 2024 (TTM): 5.30

According to Comerica's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.30259. At the end of 2022 the company had a P/E ratio of 7.80.

P/E ratio history for Comerica from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.80-24.51%
202110.3-36.74%
202016.380.75%
20199.04-3.7%
20189.38-54.17%
201720.5-17.03%
201624.772.26%
201514.30.01%
201414.3-12.02%
201316.343.81%
201211.3-7.41%
201112.2-76.26%
201051.5-298.59%
2009-25.9-271.18%
200815.254.9%
20079.78-7.15%
200610.5-4.04%
200511.0-20.66%
200413.8-6.46%
200314.822.81%
200212.0-17.39%
200114.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.1 110.07%๐Ÿ‡บ๐Ÿ‡ธ USA
8.09 52.58%๐Ÿ‡บ๐Ÿ‡ธ USA
11.0 106.53%๐Ÿ‡บ๐Ÿ‡ธ USA
10.7 102.17%๐Ÿ‡บ๐Ÿ‡ธ USA
7.84 47.91%๐Ÿ‡บ๐Ÿ‡ธ USA
11.7 121.41%๐Ÿ‡บ๐Ÿ‡ธ USA
12.6 138.46%๐Ÿ‡บ๐Ÿ‡ธ USA
9.49 78.89%๐Ÿ‡บ๐Ÿ‡ธ USA
7.42 39.89%๐Ÿ‡บ๐Ÿ‡ธ USA
9.35 76.40%๐Ÿ‡บ๐Ÿ‡ธ USA

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.