P/E ratio for InMode (INMD)
P/E ratio as of June 2024 (TTM): 8.54
According to InMode's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.53846. At the end of 2022 the company had a P/E ratio of 18.2.
P/E ratio history for InMode from 2019 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.2 | -48.13% |
| 2021 | 35.1 | 51.61% |
| 2020 | 23.2 | 13.48% |
| 2019 | 20.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 PAVmed
PAVM | -1.71 | -120.08% | 🇺🇸 USA |
 Philips PHG | -38.4 | -549.22% | 🇳🇱 Netherlands |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.