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CMRE Costamare PE ratio, current and historical analysis

The price-to-earnings ratio for Costamare stock stands at 4.99 as of May 22, 2024. This results from the current EPS of $2.95 and stock price of $14.73. An increase of 88% has been recorded in the PE ratio compared to the average of 2.7 of the last four quarters.

CMRE PE ratio history

How has CMRE's PE ratio performed in the past

Over the last ten years, the average PE ratio of Costamare has been 13.5. The current 4.99 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.

Average
13.5
Median
9.46
Minimum
2.1
Maximum
96.2

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

What is the average PE ratio of CMRE for the past years

CMRE's current P/E ratio is above the 3-year average, but it is lower than the 5 and 10-year averages.

3-year avg
3.78
5-year avg
12.02
10-year avg
13.5
15-year avg
N/A

CMRE PE vs peers

What is CMRE's PE ratio compared to its 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 4.99 is higher than the average of its peers, which is 3.87.

Stock name PE ratio Market cap
ESEA Euroseas Ltd 2.22 $257.85M
DAC Danaos Corporation 2.98 $1.68B
GSL Global Ship Lease Inc 3.12 $974.01M
CMRE Costamare Inc 4.99 $1.74B
DSX Diana Shipping Inc 7.16 $356.16M

Frequently asked questions

What is Costamare's PE ratio?

CMRE's price to earnings ratio is 4.99 as of May 22, 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 3.78.

What is the 5-year average PE ratio for Costamare (CMRE)?

The average PE ratio for CMRE stock over the past 5 years is 12.02.

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 (May 22, 2024), Costamare's stock price is $14.73. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.95. Therefore, Costamare's PE ratio for today is 4.99. PE RATIO(4.99) = STOCK PRICE($14.73) / TTM EPS($2.95)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.