The price-to-earnings ratio for Costamare stock stands at 4.97 as of May 17, 2024. This results from the current EPS of $2.95 and stock price of $14.65. An increase of 87% has been recorded in the PE ratio compared to the average of 2.7 of the last four quarters.
Over the last ten years, the average PE ratio of Costamare has been 13.5. The current 4.97 P/E ratio is 63% lower than the historical average. In the past ten years, CMRE's PE ratio peaked in the Mar 2021 quarter at 96.2, with a price of $9.62 and an EPS of $0.1. The Mar 2023 quarter marked the lowest point at 2.1, with a price of $9.41 and an EPS of $4.49.
Maximum annual increase: 61.93% in 2023
Maximum annual decrease: -51.41% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 3.53 | 61.93% |
| 2022 | 2.18 | -43.52% |
| 2021 | 3.86 | N/A |
| 2020 | N/A | N/A |
| 2019 | 16.15 | 21.43% |
| 2018 | 13.3 | 19.82% |
| 2017 | 11.1 | 56.56% |
| 2016 | 7.09 | 14.35% |
| 2015 | 6.2 | -51.41% |
| 2014 | 12.76 | -4.99% |
CMRE's current P/E ratio is above the 3-year average, but it is lower than the 5 and 10-year averages.
In comparison to its peer DSX, CMRE's PE ratio is lower, but it is higher than DAC's and GSL's. Costamare's current PE ratio of 4.97 is higher than the average of its peers, which is 3.91.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ESEA Euroseas Ltd | 2.34 | $270.89M |
| DAC Danaos Corporation | 2.94 | $1.65B |
| GSL Global Ship Lease Inc | 3.19 | $942.7M |
| CMRE Costamare Inc | 4.97 | $1.73B |
| DSX Diana Shipping Inc | 7.16 | $356.16M |
CMRE's price to earnings ratio is 4.97 as of May 17, 2024.
The average PE ratio for CMRE stock over the past 3 years is 3.78.
The average PE ratio for CMRE stock over the past 5 years is 12.02.
In the last ten years, the Mar 2021 quarter recorded the highest quarterly PE ratio at 96.2.
CMRE's price to earnings ratio is currently 63% below its 10-year historical average.
CMRE's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 17, 2024), Costamare's stock price is $14.65. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.95. Therefore, Costamare's PE ratio for today is 4.97. PE RATIO(4.97) = STOCK PRICE($14.65) / TTM EPS($2.95)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.