CAR Group (Carsales)
CAR.AX
#1996
Rank
S$10.56 B
Marketcap
$27.97
Share price
1.29%
Change (1 day)
-10.70%
Change (1 year)

P/E ratio for CAR Group (Carsales) (CAR.AX)

P/E ratio at the end of 2022: 29.1

According to CAR Group (Carsales)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 53.6578. At the end of 2022 the company had a P/E ratio of 29.1.

P/E ratio history for CAR Group (Carsales) from 2010 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202229.1-6.15%
202131.0-7.18%
202033.4-4.26%
201934.9108.69%
201816.7-20.6%
201721.1-4.74%
201622.116.92%
201518.95.1%
201418.0-0%
201318.050.5%
201212.011.28%
201110.8-42.71%
201018.8

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.