CubeSmart
CUBE
#1546
Rank
โ‚น935.18 B
Marketcap
โ‚น4,113
Share price
0.85%
Change (1 day)
25.92%
Change (1 year)

P/E ratio for CubeSmart (CUBE)

P/E ratio as of November 2024 (TTM): 28.1

According to CubeSmart 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.0872. 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
202231.2-40.24%
202152.232.04%
202039.511.79%
201935.49.72%
201832.2-16.4%
201738.6-35.18%
201659.5-18.4%
201572.9-53.75%
2014158167.02%
201359.0-112.16%
2012-486-8.71%
2011-532402.41%
2010-106-56.6%
2009-244-374.16%
200889.0-313.76%
2007-41.6-69.61%
2006-137-119.52%
2005702-3299.69%
2004-21.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
30.4 8.13%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
29.2 3.80%๐Ÿ‡บ๐Ÿ‡ธ USA
29.6 5.33%๐Ÿ‡บ๐Ÿ‡ธ 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.