P/E ratio for IAA-Insurance Auto Auctions (IAA)
P/E ratio as of April 2024 (TTM): 18.2
According to IAA-Insurance Auto Auctions's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.2146. At the end of 2021 the company had a P/E ratio of 23.2.
P/E ratio history for IAA-Insurance Auto Auctions from 2019 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 23.2 | -48.19% |
| 2020 | 44.8 | 36.94% |
| 2019 | 32.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kaixin Auto KXIN | 0.0037 | -99.98% | 🇨🇳 China |
 CarLotz LOTZ | -0.1721 | -100.94% | 🇺🇸 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.