Crown Castle is an American operator of telecommunications networks based in Houston. The company operates over 40,000 transmission masts, 70,000 small cells for wireless communication as well as a fiber optic cable network.
P/E ratio for Crown Castle (CCI)
P/E ratio as of April 2024 (TTM): 26.4
According to Crown Castle's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.3603. At the end of 2022 the company had a P/E ratio of 35.1.
P/E ratio history for Crown Castle from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 35.1 | -54.88% |
| 2021 | 77.9 | 14.49% |
| 2020 | 68.0 | -5.24% |
| 2019 | 71.8 | -10.12% |
| 2018 | 79.9 | -25.89% |
| 2017 | 108 | 16.76% |
| 2016 | 92.3 | 374.09% |
| 2015 | 19.5 | -74.27% |
| 2014 | 75.7 | -71.14% |
| 2013 | 262 | 132.59% |
| 2012 | 113 | 30.87% |
| 2011 | 86.2 | -328.01% |
| 2010 | -37.8 | -54.51% |
| 2009 | -83.1 | 18.12% |
| 2008 | -70.3 | 47.06% |
| 2007 | -47.8 | -54.11% |
| 2006 | -104 | 693.74% |
| 2005 | -13.1 | -168.63% |
| 2004 | 19.1 | -507.5% |
| 2003 | -4.69 | 71.47% |
| 2002 | -2.74 | -43.36% |
| 2001 | -4.83 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 AT&T T | -10.7 | -140.49% | 🇺🇸 USA |
 American Tower AMT | 112 | 323.99% | 🇺🇸 USA |
 SBA Communications SBAC | 42.7 | 61.95% | 🇺🇸 USA |
 Verizon VZ | 8.09 | -69.31% | 🇺🇸 USA |
 Vodafone VOD | N/A | N/A | 🇬🇧 UK |
 H&E Equipment Services HEES | 12.6 | -52.36% | 🇺🇸 USA |
 America Movil AMX | 14.1 | -46.43% | 🇲🇽 Mexico |
 Telephone and Data Systems
TDS | -17.8 | -167.61% | 🇺🇸 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.