P/E ratio for Cowen (COWN)
P/E ratio as of May 2024 (TTM): 15.8
According to Cowen's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.7854. At the end of 2021 the company had a P/E ratio of 3.44.
P/E ratio history for Cowen from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.44 | 1.13% |
| 2020 | 3.41 | -87.02% |
| 2019 | 26.3 | 140.07% |
| 2018 | 10.9 | -273.83% |
| 2017 | -6.29 | -60.63% |
| 2016 | -16.0 | -250.2% |
| 2015 | 10.6 | 228.03% |
| 2014 | 3.24 | -96.68% |
| 2013 | 97.8 | -937.86% |
| 2012 | -11.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Interactive Brokers
IBKR | 21.7 | 37.36% | 🇺🇸 USA |
 Lazard LAZ | -34.3 | -317.00% | 🇧🇲 Bermuda |
 Greenhill GHL | 17.4 | 10.42% | 🇺🇸 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.