CMRE Costamare PE ratio, current and historical analysis
The price-to-earnings ratio for Costamare stock stands at 4.67 as of Nov 21, 2024. This results from the current EPS of $3.01 and stock price of $14.06. The current PE ratio is nearly equal to the average from the previous four quarters.
CMRE PE ratio history
Over the last ten years, the average PE ratio of Costamare has been 12.58. The current 4.67 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.
Costamare PE ratio by year
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 average PE ratio chart
CMRE's current P/E ratio is above the 3-year average, but it is lower than the 5 and 10-year averages.
CMRE PE vs peers
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 4.67 is lower than the average of its peers, which is 6.72.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ESEA Euroseas Ltd | 2.37 | $283.56M |
| GSL Global Ship Lease Inc | 2.47 | $788.9M |
| DAC Danaos Corporation | 2.95 | $1.66B |
| CMRE Costamare Inc | 4.75 | $1.87B |
| DSX Diana Shipping Inc | 19.55 | $247.76M |
Frequently asked questions
What is Costamare's PE ratio?
CMRE's price to earnings ratio is 4.67 as of Nov 21, 2024.
What is the 3-year average PE ratio for Costamare (CMRE)?
The average PE ratio for CMRE stock over the past 3 years is 3.5.
What is the 5-year average PE ratio for Costamare (CMRE)?
The average PE ratio for CMRE stock over the past 5 years is 10.26.
What is the highest PE ratio for CMRE?
In the last ten years, the Mar 2021 quarter recorded the highest quarterly PE ratio at 96.2.
How does the current PE ratio for CMRE compare to its historical average?
CMRE's price to earnings ratio is currently 63% below its 10-year historical average.
Why is Costamare's PE ratio so low?
CMRE's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
How is CMRE's PE ratio calculated (Costamare PE ratio formula)?
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 (Nov 21, 2024), Costamare's stock price is $14.06. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $3.01. Therefore, Costamare's PE ratio for today is 4.67. PE RATIO(4.67) = STOCK PRICE($14.06) / TTM EPS($3.01)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.