P/E ratio for Formula Systems (FORTY)
P/E ratio as of June 2024 (TTM): 16.8
According to Formula Systems 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.7606. At the end of 2022 the company had a P/E ratio of 13.3.
P/E ratio history for Formula Systems from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.3 | -61.77% |
| 2021 | 34.7 | 24.28% |
| 2020 | 27.9 | 4.82% |
| 2019 | 26.7 | 63.8% |
| 2018 | 16.3 | -68.29% |
| 2017 | 51.3 | 102.99% |
| 2016 | 25.3 | 25.95% |
| 2015 | 20.1 | 428.71% |
| 2014 | 3.80 | -15.73% |
| 2013 | 4.51 | -48.51% |
| 2012 | 8.75 | 88.42% |
| 2011 | 4.64 | -65.62% |
| 2010 | 13.5 | 74.22% |
| 2009 | 7.76 | 4.51% |
| 2008 | 7.42 | 66.43% |
| 2007 | 4.46 | -70.18% |
| 2006 | 15.0 | -96.66% |
| 2005 | 448 | 1796.68% |
| 2004 | 23.6 | -59.89% |
| 2003 | 58.9 | -267.35% |
| 2002 | -35.2 | 1301.69% |
| 2001 | -2.51 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 36.6 | 118.53% | 🇺🇸 USA |
 Oracle ORCL | 35.7 | 112.71% | 🇺🇸 USA |
 SAP SAP | 36.0 | 114.68% | 🇩🇪 Germany |
 IBM IBM | 22.3 | 32.97% | 🇺🇸 USA |
 HP HPQ | 15.7 | -6.34% | 🇺🇸 USA |
 Sapiens SPNS | 32.1 | 91.73% | 🇮🇱 Israel |
 Pegasystems PEGA | -121 | -820.00% | 🇺🇸 USA |
 FICO FICO | 79.1 | 371.79% | 🇺🇸 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.