CIT Inc P/E
What is the P/E of CIT Inc?
The P/E of CIT Group Inc is 7.72
What is the definition of P/E?
Price to earnings ratio is the ratio of a company’s stock price to the company’s earnings per share calculated over trailing twelve months.
= previous day’s close / ttm EPS
The price to earnings ratio is the most widely used method for determining whether shares are accurately valued in relation to one another. But the P/E ratio does not in itself indicate whether the share is a bargain. The P/E ratio depends on the market’s perception of the risk and future growth in earnings. A company with a low P/E ratio indicates that the market perceives it as a higher risk or a lower growth or both as compared to a company with a higher price to earnings ratio. The P/E ratio of a listed company’s stock is the result of the collective perception of the market as to how risky the company is and what its earnings growth prospects are in relation to that of other companies. Investors use the P/E ratio to compare their own perception of the risk and growth of a company against the market’s collective perception of the risk and growth as reflected in the current P/E ratio.
P/E of companies in the Finance sector on NYSE compared to CIT Inc
What does CIT Inc do?
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). CIT's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network.
Companies with p/e similar to CIT Inc
- Almondz Global Securities has P/E of 7.70
- loanDepot has P/E of 7.70
- Kkalpana Industries (India) has P/E of 7.71
- China Communications Services has P/E of 7.71
- Biogen has P/E of 7.71
- Rio Tinto plc has P/E of 7.72
- CIT Inc has P/E of 7.72
- Allspring Utilities and High Income Fund has P/E of 7.73
- Dundee Precious Metals has P/E of 7.73
- Safestore plc has P/E of 7.73
- Nuveen Real Asset Income and Growth Fund has P/E of 7.73
- Oxford Lane Capital has P/E of 7.74
- Kangda International Environmental has P/E of 7.74