CIT Group (CIT)
CIT Group PE Value
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About PE Value (Pro)
Click the "Learn More" link below to see how YCharts calculates the PE Value
This valuation method corrects for any recent price appreciations for discounts by assuming that the value of the company will be in line with its historical valuations based on PE ratios. It will show companies that have recently increased in price, without an accompanying increase in earnings, to be overvalued, and it will show companies with a recent decrease in price, without an accompanying decrease in earnings, to be undervalued.
This method is most difficult to trust with growth stocks. Some of these companies trade at PE multiples of more than 35 for many years as they experience their growth. However, multiples of 35+ are rare (as of August 30, 2010 only 12.5% of companies had a 5 year average PE greater than 35), and since there is no sure way to know when a company's growth will slow, we apply a maximum PE ratio of 35 to companies. This helps to ensure that investors do not purchase companies under the intuition (based on history) that a stock's "reasonable" PE ratio is 35+ over the long term. If an investor wants to apply that PE ratio consciously based on special information, they may do so, but there should be sound reason.
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CIT News
May 16, 8:30AM Business Wire
May 15, 7:10AM Street Insider
May 14, 8:30AM Business Wire
May 09, 8:30AM Business Wire
May 08, 1:50PM Street Insider
about 33 days ago by journalistjosh
about 33 days ago by Xiphos_Trading
Apr 25, 10:04AM Street Insider
Apr 25, 7:45AM Street Insider
about 34 days ago by earningscast
about 42 days ago by mbellafiore_smb
about 53 days ago by MarketBrief
about 75 days ago by bradloncar
about 94 days ago by colarusso42
about 98 days ago by bradloncar
about 110 days ago by valuewalk
about 115 days ago by valuewalk
about 117 days ago by valuewalk
about 118 days ago by lamonicabuzz
about 118 days ago by earningscast
about 119 days ago by harmongreg
about 120 days ago by harmongreg
about 126 days ago by lamonicabuzz
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CIT | 34.79 | -0.37 | -1.05% | 6.986B |
| CISG | 7.00 | -0.07 | -0.99% | 353.85M |
| CIS | 1.99 | -0.14 | -6.57% | 88.36M |
| CINF | 35.66 | +0.02 | +0.06% | 5.789B |
| CIMT | 4.314 | +0.00 | +0.04% | 42.76M |
| CIM | 2.82 | +0.03 | +1.08% | 2.897B |
| CII | 12.76 | +0.01 | +0.08% | |
| CIGX | 3.98 | +0.00 | +0.00% | 579.69M |
| CIG | 17.22 | +0.06 | +0.35% | 14.69B |
| CCIX | 9.03 | +0.27 | +3.08% | 157.57M |