Cadence Capital Limited
CDM.AX
#8805
Rank
โ‚น10.36 B
Marketcap
โ‚น34.67
Share price
-1.52%
Change (1 day)
-16.84%
Change (1 year)

P/E ratio for Cadence Capital Limited (CDM.AX)

P/E ratio at the end of 2023: -26.8

According to Cadence Capital Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -23.5361. At the end of 2023 the company had a P/E ratio of -26.8.

P/E ratio history for Cadence Capital Limited from 2007 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2023-26.8-48.15%
2022-51.7-1566.38%
20213.53-121.78%
2020-16.2324.83%
2019-3.81-148.53%
20187.866.8%
20177.36-183.18%
2016-8.85-174.64%
201511.964.53%
20147.2021.93%
20135.91-32.82%
20128.79467.82%
20111.55-62.94%
20104.18-227.61%
2009-3.281.59%
2008-3.22-224.92%
20072.58

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.