The PE ratio for CareTrust REIT stock stands at 48.62 as of Apr 26, 2024. This takes into account the latest EPS of $0.5 and stock price of $24.31. An increase of 3.4% has been observed in the PE ratio compared to its average of 47.0 of the last four quarters.
Over the last nine years, the average PE ratio of CareTrust REIT has been 52.21. The current 48.62 P/E ratio is 7% lower than the historical average. Looking back at the last nine years, CTRE's PE ratio peaked in the Jun 2022 quarter at 307.33, with a price of $18.44 and an EPS of $0.06. The Sep 2020 quarter marked the lowest point at 21.18, with a price of $17.8 and an EPS of $0.84.
Maximum annual increase: 66.47% in 2019
Maximum annual decrease: -47.19% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 44.76 | N/A |
| 2022 | N/A | N/A |
| 2021 | 30.85 | 18.24% |
| 2020 | 26.09 | -38.03% |
| 2019 | 42.1 | 66.47% |
| 2018 | 25.29 | -47.19% |
| 2017 | 47.89 | 62.56% |
| 2016 | 29.46 | -30.06% |
| 2015 | 42.12 | N/A |
| 2014 | N/A | N/A |
CTRE's current PE ratio is lower than its 3 and 5-year averages.
In comparison to its peer stocks AVB and GTY, CTRE's PE ratio is higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OLP One Liberty Properties Inc | 16.47 | $483.09M |
| GTY Getty Realty Corp | 23.01 | $1.45B |
| AVB Avalonbay Communities Inc | 29.18 | $27.19B |
| CTRE CareTrust REIT Inc | 48.62 | $3.17B |
| GOOD Gladstone Commercial Corp | N/A | $533.25M |
CTRE stock has a price to earnings ratio of 48.62 as of Apr 26, 2024.
The average PE ratio for CTRE stock over the past 3 years is 94.98.
The average PE ratio for CTRE stock over the past 5 years is 65.64.
Over the last nine years, the Jun 2022 quarter recorded the highest quarterly PE ratio at 307.33.
CTRE's price to earnings ratio is currently 7% below its 9-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 26, 2024), CareTrust REIT's share price is $24.31. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $0.5. Therefore, CareTrust REIT's PE ratio for today is 48.62. PE RATIO(48.62) = STOCK PRICE($24.31) / TTM EPS($0.5)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.