P/E ratio for Penske Automotive (PAG)
P/E ratio as of April 2024 (TTM): 8.84
According to Penske Automotive's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.84392. At the end of 2022 the company had a P/E ratio of 6.21.
P/E ratio history for Penske Automotive from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.21 | -13.6% |
| 2021 | 7.19 | -18.2% |
| 2020 | 8.79 | -7.63% |
| 2019 | 9.51 | 30.45% |
| 2018 | 7.29 | 8.8% |
| 2017 | 6.70 | -48.29% |
| 2016 | 13.0 | 10.5% |
| 2015 | 11.7 | -23.75% |
| 2014 | 15.4 | -11.61% |
| 2013 | 17.4 | 18.56% |
| 2012 | 14.7 | 47.92% |
| 2011 | 9.92 | -32.79% |
| 2010 | 14.8 | -18.35% |
| 2009 | 18.1 | -1149.95% |
| 2008 | -1.72 | -113.41% |
| 2007 | 12.8 | -34.09% |
| 2006 | 19.5 | -21.98% |
| 2005 | 25.0 | 101.05% |
| 2004 | 12.4 | -21.14% |
| 2003 | 15.7 | 3.78% |
| 2002 | 15.2 | -58.66% |
| 2001 | 36.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CarMax
KMX | 23.9 | 169.99% | 🇺🇸 USA |
 Copart
CPRT | 41.7 | 371.67% | 🇺🇸 USA |
 Rush Enterprises
RUSHA | 10.7 | 20.83% | 🇺🇸 USA |
 America's Car-Mart CRMT | 32.9 | 271.88% | 🇺🇸 USA |
 Lithia Motors LAD | 6.93 | -21.68% | 🇺🇸 USA |
 Avis Budget Group
CAR | 2.28 | -74.27% | 🇺🇸 USA |
 Sonic Automotive
SAH | -38.3 | -532.88% | 🇺🇸 USA |
 Group 1 Automotive GPI | 5.87 | -33.64% | 🇺🇸 USA |
 AutoNation AN | 6.48 | -26.70% | 🇺🇸 USA |
 Asbury Automotive Group ABG | 5.04 | -43.00% | 🇺🇸 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.