Codan Limited
CDA.AX
#4415
Rank
HK$13.91 B
Marketcap
HK$76.62
Share price
0.65%
Change (1 day)
35.93%
Change (1 year)

P/E ratio for Codan Limited (CDA.AX)

P/E ratio at the end of 2023: 20.4

According to Codan Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.7083. At the end of 2023 the company had a P/E ratio of 20.4.

P/E ratio history for Codan Limited from 2004 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202320.475.18%
202211.7-61.46%
202130.363.77%
202018.545.56%
201912.714.48%
201811.146.16%
20177.59-27.88%
201610.5-22.17%
201513.542.58%
20149.48129.82%
20134.13-33.55%
20126.2116.83%
20115.32-58.21%
201012.792.6%
20096.60-90.12%
200866.9548.77%
200710.3-33.89%
200615.632.65%
200511.8-17.34%
200414.2

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.