CTS Corporation
CTS
#4540
Rank
NZ$2.93 B
Marketcap
$97.51
Share price
-0.65%
Change (1 day)
45.87%
Change (1 year)

P/E ratio for CTS Corporation (CTS)

P/E ratio as of November 2024 (TTM): 30.7

According to CTS Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.7487. At the end of 2022 the company had a P/E ratio of 21.2.

P/E ratio history for CTS Corporation from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202221.2-174.45%
2021-28.5-188.72%
202032.117.6%
201927.348.58%
201818.4-68.62%
201758.5171.71%
201621.5-75.58%
201588.2290.79%
201422.6-113.6%
2013-166-1036.5%
201217.717.47%
201115.1-12.73%
201017.3-283.23%
2009-9.43-242.07%
20086.64-52.53%
200714.0-39.42%
200623.118.99%
200519.4-18.24%
200423.7-25.71%
200331.9-318.46%
2002-14.648.07%
2001-9.88

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
15.4-49.77%๐Ÿ‡บ๐Ÿ‡ธ USA
6.04-80.34%๐Ÿ‡บ๐Ÿ‡ธ USA
32.6 6.07%๐Ÿ‡บ๐Ÿ‡ธ USA
22.4-27.28%๐Ÿ‡บ๐Ÿ‡ธ USA
26.9-12.45%๐Ÿ‡บ๐Ÿ‡ธ USA
50.8 65.18%๐Ÿ‡จ๐Ÿ‡ฆ Canada
20.7-32.55%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
9.24-69.94%๐Ÿ‡บ๐Ÿ‡ธ USA
-8.88-128.86%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.