P/E ratio for TE Connectivity (TEL)
P/E ratio as of June 2024 (TTM): 24.5
According to TE Connectivity 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.4637. At the end of 2022 the company had a P/E ratio of 16.3.
P/E ratio history for TE Connectivity from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.3 | -24.7% |
| 2021 | 21.7 | -93.55% |
| 2020 | 336 | 1563.28% |
| 2019 | 20.2 | 121.9% |
| 2018 | 9.11 | -66.54% |
| 2017 | 27.2 | 126.8% |
| 2016 | 12.0 | 6.86% |
| 2015 | 11.2 | -17.39% |
| 2014 | 13.6 | -19.29% |
| 2013 | 16.9 | 20.32% |
| 2012 | 14.0 | 29.57% |
| 2011 | 10.8 | -18.77% |
| 2010 | 13.3 | -460.49% |
| 2009 | -3.69 | -138.26% |
| 2008 | 9.65 | -93.76% |
| 2007 | 155 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Corning GLW | 53.6 | 118.96% | 🇺🇸 USA |
 3M MMM | -7.36 | -130.09% | 🇺🇸 USA |
 Amphenol APH | 41.3 | 68.93% | 🇺🇸 USA |
 Littelfuse LFUS | 20.5 | -16.35% | 🇺🇸 USA |
 CommScope
COMM | -0.2433 | -100.99% | 🇺🇸 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.