P/E ratio for Nova Measuring Instruments (NVMI)
P/E ratio as of June 2024 (TTM): 44.7
According to Nova Measuring Instruments 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 44.7442. At the end of 2022 the company had a P/E ratio of 16.7.
P/E ratio history for Nova Measuring Instruments from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.7 | -62.68% |
| 2021 | 44.7 | 8.18% |
| 2020 | 41.3 | 37.51% |
| 2019 | 30.0 | 154.37% |
| 2018 | 11.8 | -23.47% |
| 2017 | 15.4 | -57.81% |
| 2016 | 36.6 | 116.35% |
| 2015 | 16.9 | 10.58% |
| 2014 | 15.3 | -40.99% |
| 2013 | 25.9 | 42.78% |
| 2012 | 18.1 | 165.77% |
| 2011 | 6.82 | -26.09% |
| 2010 | 9.23 | -79.99% |
| 2009 | 46.1 | -2390.28% |
| 2008 | -2.01 | -84.44% |
| 2007 | -13.0 | -44.53% |
| 2006 | -23.3 | 453.48% |
| 2005 | -4.22 | -89.61% |
| 2004 | -40.6 | 93.35% |
| 2003 | -21.0 | 1132% |
| 2002 | -1.70 | -53.48% |
| 2001 | -3.66 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Applied Materials AMAT | 28.4 | -36.49% | 🇺🇸 USA |
 KLA KLAC | 34.4 | -23.23% | 🇺🇸 USA |
 ASML ASML | 46.5 | 3.93% | 🇳🇱 Netherlands |
 Camtek CAMT | 59.5 | 33.03% | 🇮🇱 Israel |
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.