OPENLANE Corporate
KAR
#4237
Rank
$1.86 B
Marketcap
$17.26
Share price
-0.35%
Change (1 day)
34.21%
Change (1 year)

P/E ratio for OPENLANE Corporate (KAR)

P/E ratio as of March 2024 (TTM): -10.4

According to OPENLANE Corporate's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -10.3713. At the end of 2022 the company had a P/E ratio of 10.7.

P/E ratio history for OPENLANE Corporate from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202210.7-86.3%
202178.1-196.52%
2020-80.9-627.29%
201915.3107.3%
20187.403.38%
20177.16-28.54%
201610.09.38%
20159.16-15.48%
201410.8-53.48%
201323.3106.83%
201211.316.85%
20119.64-4.02%
201010.0-48.04%
200919.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
30.3-392.22%๐Ÿ‡บ๐Ÿ‡ธ USA
44.2-526.18%๐Ÿ‡บ๐Ÿ‡ธ USA
36.8-454.67%๐Ÿ‡บ๐Ÿ‡ธ USA
8.05-177.65%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.