Carrier
CARR
#316
Rank
S$83.28 B
Marketcap
$92.82
Share price
3.05%
Change (1 day)
22.69%
Change (1 year)
Carrier is an American company that provides air-conditioning, heating and refrigeration solutions that help in the preservation and protection of food during transportation.

P/E ratio for Carrier (CARR)

P/E ratio as of December 2024 (TTM): 47.6

According to Carrier's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 47.5625. At the end of 2022 the company had a P/E ratio of 9.87.

P/E ratio history for Carrier from 2020 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20229.87-65.07%
202128.371.51%
202016.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
120 151.51%๐Ÿ‡บ๐Ÿ‡ธ USA
44.2-7.16%๐Ÿ‡ฎ๐Ÿ‡ช Ireland

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.