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Carrier Global PE Ratio

: 19.00 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2021-10-18), Carrier Global's share price is $53.59. Carrier Global's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 was $2.82. Therefore, Carrier Global's PE Ratio for today is 19.00.


The historical rank and industry rank for Carrier Global's PE Ratio or its related term are showing as below:

NYSE:CARR' s PE Ratio Range Over the Past 10 Years
Min: 6.13   Med: 17.12   Max: 22.16
Current: 19.02

6.13
22.16

During the past 4 years, the highest PE Ratio of Carrier Global was 22.16. The lowest was 6.13. And the median was 17.12.


NYSE:CARR's PE Ratio is ranked lower than
99.99% of the 55 Companies
in the Construction industry.

( Industry Median: 23.80 vs. NYSE:CARR: 19.02 )

Carrier Global's Earnings per Share (Diluted) for the three months ended in Jun. 2021 was $0.55. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 was $2.82.

As of today (2021-10-18), Carrier Global's share price is $53.59. Carrier Global's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2021 was $2.82. Therefore, Carrier Global's PE Ratio without NRI for today is 19.00.

During the past 4 years, Carrier Global's highest PE Ratio without NRI was 22.16. The lowest was 6.13. And the median was 17.12.

Carrier Global's EPS without NRI for the three months ended in Jun. 2021 was $0.55. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2021 was $2.82.

During the past 12 months, Carrier Global's average EPS without NRI Growth Rate was 90.30% per year. During the past 3 years, the average EPS without NRI Growth Rate was 17.00% per year.

During the past 4 years, Carrier Global's highest 3-Year average EPS without NRI Growth Rate was 17.00% per year. The lowest was 17.00% per year. And the median was 17.00% per year.

Carrier Global's EPS (Basic) for the three months ended in Jun. 2021 was $0.56. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2021 was $2.88.


Carrier Global PE Ratio Historical Data

The historical data trend for Carrier Global's PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Carrier Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20
PE Ratio
N/A N/A N/A 16.76

Carrier Global Quarterly Data
Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.99 17.37 16.76 16.43 17.23

Competitive Comparison

For the Building Products & Equipment subindustry, Carrier Global's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Carrier Global PE Ratio Distribution

For the Construction industry and Industrials sector, Carrier Global's PE Ratio distribution charts can be found below:

* The bar in red indicates where Carrier Global's PE Ratio falls into.



Carrier Global PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Carrier Global's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=53.59/2.820
=19.00

Carrier Global's Share Price of today is $53.59.
Carrier Global's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.82.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Carrier Global  (NYSE:CARR) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Carrier Global PE Ratio Related Terms

Thank you for viewing the detailed overview of Carrier Global's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Carrier Global Business Description

Carrier Global logo
Industry
Industrials » Construction NAICS : 423730 SIC : 5075
Traded in Other Exchanges
Address
13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418
Carrier Global Corp manufactures heating, ventilation, and air-conditioning, refrigeration, and fire and security products. Carrier's HVAC business serves both residential and commercial markets (60% of HVAC sales). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products.
Executives
Gitlin David L. director, officer: President & CEO UNITED TECHNOLOGIES CORPORATION 10 FARM SPRINGS ROAD FARMINGTON CT 06032
Appel David officer: President, Refrigeration 13995 PASTEUR BOULEVARD PALM BEACH GARDENS GA 33418
Greisch John J director C/O CATALENT, INC. 14 SCHOOLHOUSE ROAD SOMERSET NJ 08873
Villeneuve Nadia officer: VP, Chief HR Officer 13995 PASTEUR BOULEVARD PALM BEACH GARDENS FL 33418
Nelson Christopher John officer: President, HVAC 13995 PASTEUR BOULEVARD PALM BEACH GARDENS FL 33418
Agrawal Ajay officer: VP, Strategy & Services 13995 PASTEUR BOULEVARD PALM BEACH GARDENS FL 33418
Timperman Jurgen officer: President, Fire & Security 13995 PASTEUR BOULEVARD PALM BEACH GARDENS FL 33418
Faraci John V director, officer: Executive Chairman C/O INTERNATIONAL PAPER 400 ATLANTIC STREET STAMFORD CT 06921
Mclevish Timothy R officer: Vice President, CFO 2440 BEAR HOLLOW DRIVE PARK CITY UT 84098
Mcnamara Michael M director C/O FLEXTRONICS INTERNATIONAL LTD 2090 FORTUNE DRIVE SAN JOSE CA 95131
Holley Charles M director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HOLLEY CHARLES M a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Todman Michael director C/O TMA LIMITED, LLC 500 RENAISSANCE DRIVE, SUITE 103B ST. JOSEPH MI 49085
Garnier Jean Pierre director UNITED TECHNOLOGIES CORP 10 FARM SPRINGS ROAD FARMINGTON CT 06032
Wilson Virginia M director WYNDHAM WORLDWIDE CORPORATION 7 SYLVAN WAY PARSIPPANY NJ 07054
Crockett Kyle officer: Vice President, Controller 13995 PASTEUR BOULEVARD PALM BEACH GARDENS FL 33418

Carrier Global Headlines

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