P/E ratio for Credit Acceptance (CACC)
P/E ratio as of April 2024 (TTM): 21.1
According to Credit Acceptance 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.1452. At the end of 2022 the company had a P/E ratio of 12.1.
P/E ratio history for Credit Acceptance from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.1 | 5.14% |
| 2021 | 11.5 | -20.62% |
| 2020 | 14.5 | 13.98% |
| 2019 | 12.7 | -1.46% |
| 2018 | 12.9 | -3.49% |
| 2017 | 13.4 | 0.91% |
| 2016 | 13.3 | -10.96% |
| 2015 | 14.9 | 31.42% |
| 2014 | 11.3 | -7.28% |
| 2013 | 12.2 | 4.13% |
| 2012 | 11.8 | 2.29% |
| 2011 | 11.5 | 6.55% |
| 2010 | 10.8 | 22.2% |
| 2009 | 8.83 | 43.02% |
| 2008 | 6.17 | -45.36% |
| 2007 | 11.3 | -39.68% |
| 2006 | 18.7 | 127.95% |
| 2005 | 8.21 | -52.23% |
| 2004 | 17.2 | -25.82% |
| 2003 | 23.2 | 161.61% |
| 2002 | 8.86 | -41.26% |
| 2001 | 15.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Santander Consumer USA
SC | N/A | N/A | 🇺🇸 USA |
 CIT Group CIT | N/A | N/A | 🇺🇸 USA |
 Ally
ALLY | 10.7 | -49.43% | 🇺🇸 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.