P/E ratio for Carpenter Technology (CRS)

P/E ratio history for Carpenter Technology from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Nucor NUE	7.39	-89.65%	🇺🇸 USA
Allegheny Technologies ATI	27.4	-61.63%	🇺🇸 USA
Commercial Metals Company CMC	6.53	-90.85%	🇺🇸 USA
Dynamic Materials Corporation BOOM	7.78	-89.10%	🇺🇸 USA
Steel Dynamics STLD	7.58	-89.38%	🇺🇸 USA
U.S. Steel X	7.54	-89.44%	🇺🇸 USA
Kennametal KMT	17.3	-75.79%	🇺🇸 USA
Haynes International HAYN	16.3	-77.12%	🇺🇸 USA
Worthington Enterprises WOR	7.77	-89.12%	🇺🇸 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.