P/E ratio for SolarEdge (SEDG)
P/E ratio as of June 2024 (TTM): 11.2
According to SolarEdge's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.2193. At the end of 2022 the company had a P/E ratio of 167.
P/E ratio history for SolarEdge from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 167 | 92.42% |
| 2021 | 86.6 | -23.75% |
| 2020 | 114 | 261.87% |
| 2019 | 31.4 | 154.82% |
| 2018 | 12.3 | -34.73% |
| 2017 | 18.9 | |
| 2015 | 26.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Analog Devices ADI | 31.0 | 176.29% | 🇺🇸 USA |
 Trimble TRMB | 41.1 | 266.43% | 🇺🇸 USA |
 Teradyne TER | 43.3 | 286.25% | 🇺🇸 USA |
 Diodes Incorporated DIOD | 10.0 | -10.81% | 🇺🇸 USA |
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.