P/E ratio for CubeSmart (CUBE)
P/E ratio as of April 2024 (TTM): 23.7
According to CubeSmart 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.6977. At the end of 2022 the company had a P/E ratio of 31.2.
P/E ratio history for CubeSmart from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 31.2 | -40.24% |
| 2021 | 52.2 | 32.04% |
| 2020 | 39.5 | 11.79% |
| 2019 | 35.4 | 9.72% |
| 2018 | 32.2 | -16.4% |
| 2017 | 38.6 | -35.18% |
| 2016 | 59.5 | -18.4% |
| 2015 | 72.9 | -53.75% |
| 2014 | 158 | 167.02% |
| 2013 | 59.0 | -112.16% |
| 2012 | -486 | -8.71% |
| 2011 | -532 | 402.41% |
| 2010 | -106 | -56.6% |
| 2009 | -244 | -374.16% |
| 2008 | 89.0 | -313.76% |
| 2007 | -41.6 | -69.61% |
| 2006 | -137 | -119.52% |
| 2005 | 702 | -3299.69% |
| 2004 | -21.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Crown Castle CCI | 26.1 | 10.30% | 🇺🇸 USA |
 Public Storage PSA | 23.5 | -0.77% | 🇺🇸 USA |
 Geo Group GEO | 15.8 | -33.25% | 🇺🇸 USA |
 CoreSite COR.defunct | N/A | N/A | 🇺🇸 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.