The price to earnings ratio is a measurement often used to determine stock valuation. In short, P/E is used to measure what the market is willing to pay for a company based on its earnings. The trailing P/E for transportation & logistics companies operating in the transportation (railroads) market was approximately 63.4. This meant that an investor would be willing to pay 63.4 dollars (or currency used) for every one dollar made through the companies earnings.
Another formula that is used by investors to measure the value of an industry or potential target company for acquisition is the enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA).
Trailing and forward price to earnings ratio (PE ratio) in the transportation & logistics sector in Western Europe 2023, by industry
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Leonard N. Stern School of Business. (January 5, 2023). Trailing and forward price to earnings ratio (PE ratio) in the transportation & logistics sector in Western Europe 2023, by industry [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/statistics/1028388/price-earnings-in-the-transportation-and-logistics-sector-in-europe/
Leonard N. Stern School of Business. "Trailing and forward price to earnings ratio (PE ratio) in the transportation & logistics sector in Western Europe 2023, by industry." Chart. January 5, 2023. Statista. Accessed September 20, 2024. https://www.statista.com/statistics/1028388/price-earnings-in-the-transportation-and-logistics-sector-in-europe/
Leonard N. Stern School of Business. (2023). Trailing and forward price to earnings ratio (PE ratio) in the transportation & logistics sector in Western Europe 2023, by industry. Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/statistics/1028388/price-earnings-in-the-transportation-and-logistics-sector-in-europe/
Leonard N. Stern School of Business. "Trailing and Forward Price to Earnings Ratio (Pe Ratio) in The Transportation & Logistics Sector in Western Europe 2023, by Industry." Statista, Statista Inc., 5 Jan 2023, https://www.statista.com/statistics/1028388/price-earnings-in-the-transportation-and-logistics-sector-in-europe/
Leonard N. Stern School of Business, Trailing and forward price to earnings ratio (PE ratio) in the transportation & logistics sector in Western Europe 2023, by industry Statista, https://www.statista.com/statistics/1028388/price-earnings-in-the-transportation-and-logistics-sector-in-europe/ (last visited September 20, 2024)
Trailing and forward price to earnings ratio (PE ratio) in the transportation & logistics sector in Western Europe 2023, by industry [Graph], Leonard N. Stern School of Business, January 5, 2023. [Online]. Available: https://www.statista.com/statistics/1028388/price-earnings-in-the-transportation-and-logistics-sector-in-europe/