The PE ratio for Corteva stock stands at 72.35 as of May 3, 2024. The calculation is based on the latest EPS of $0.79 and the stock price of $57.16 per share. An increase of 43% has been observed in the PE ratio compared to its average of 50.6 of the past four quarters.
Over the last four years, the average PE ratio of Corteva has been 35.65. The current 72.35 price-to-earnings ratio is 103% more than the historical average. Analyzing the last four years, CTVA's PE ratio reached its highest point in the Mar 2024 quarter at 73, with a price of $57.67 and an EPS of $0.79. The Sep 2021 quarter saw the lowest point at 18.95, with a price of $42.08 and an EPS of $2.22.
Maximum annual increase: 86.91% in 2022
Maximum annual decrease: -53.51% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 46.08 | 24.64% |
| 2022 | 36.97 | 86.91% |
| 2021 | 19.78 | -53.51% |
| 2020 | 42.55 | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
CTVA's current PE ratio is higher than the 3-year average.
When compared to its peer stock TSCO, CTVA's PE ratio is higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TSCO Tractor Supply Co | 26.62 | $29.16B |
| CTVA Corteva Inc | 72.35 | $39.84B |
CTVA's price to earnings ratio is 72.35 as of May 3, 2024.
The 3-year average PE ratio for CTVA stock is 34.92.
Over the last four years, the quarterly PE ratio reached its highest level at 73 in the Mar 2024 quarter.
CTVA's current price to earnings ratio is 103% above its 4-year historical average.
A company with a higher PE ratio may indicate that the market has higher growth expectations for the company's future earnings or profitability.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 3, 2024), Corteva's share price is $57.16. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.79. Therefore, Corteva's price to earnings ratio for today is 72.35. PE RATIO(72.35) = STOCK PRICE($57.16) / TTM EPS($0.79)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.