P/E ratio for CT REIT (CRT-UN.TO)
P/E ratio as of April 2024 (TTM): 9.49
According to CT REIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.49002. At the end of 2022 the company had a P/E ratio of 11.2.
P/E ratio history for CT REIT from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.2 | 27.72% |
| 2021 | 8.80 | -55.01% |
| 2020 | 19.6 | 67.27% |
| 2019 | 11.7 | 42.11% |
| 2018 | 8.23 | -14.81% |
| 2017 | 9.66 | -16.79% |
| 2016 | 11.6 | 11.63% |
| 2015 | 10.4 | 48.69% |
| 2014 | 6.99 |
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.