Corteva
CTVA
#506
Rank
$38.32 B
Marketcap
$54.99
Share price
1.33%
Change (1 day)
-0.33%
Change (1 year)
Corteva, Inc. also known as Corteva Agriscience is an American agricultural chemical and seed company.

P/E ratio for Corteva (CTVA)

P/E ratio as of May 2024 (TTM): 42.3

According to Corteva 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 42.2846. At the end of 2022 the company had a P/E ratio of 37.2.

P/E ratio history for Corteva from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202237.287.27%
202119.9-53.82%
202043.0-286.49%
2019-23.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
42.3 0.00%๐Ÿ‡บ๐Ÿ‡ธ USA
27.4-35.32%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.