Codan Limited
CDA.AX
#4412
Rank
S$2.52 B
Marketcap
$13.91
Share price
0.76%
Change (1 day)
95.14%
Change (1 year)

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

P/E ratio at the end of 2023: 31.9

According to Codan Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.7082. At the end of 2023 the company had a P/E ratio of 31.9.

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

PE ratio at the end of each year

Year P/E ratio Change
202331.975.18%
202218.2-61.46%
202147.363.77%
202028.945.56%
201919.814.48%
201817.346.16%
201711.8-27.88%
201616.4-22.17%
201521.142.58%
201414.8129.82%
20136.44-33.55%
20129.6916.83%
20118.30-58.21%
201019.992.6%
200910.3-90.12%
2008104548.77%
200716.1-33.89%
200624.332.65%
200518.3-17.34%
200422.2

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.