IDEXX Laboratories
IDXX
#605
Rank
$33.49 B
Marketcap
$406.92
Share price
-9.79%
Change (1 day)
2.66%
Change (1 year)

P/E ratio for IDEXX Laboratories (IDXX)

P/E ratio as of October 2024 (TTM): 41.1

According to IDEXX Laboratories's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.0616. At the end of 2022 the company had a P/E ratio of 50.2.

P/E ratio history for IDEXX Laboratories from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202250.2-33.31%
202175.32.64%
202073.439.42%
201952.622.55%
201843.0-17.58%
201752.110.24%
201647.334.23%
201535.2-14.47%
201441.236.68%
201330.15.21%
201228.66.07%
201127.0-4.81%
201028.410.4%
200925.738.17%
200818.6-51.47%
200738.344%
200626.6-10.9%
200529.925.29%
200423.8-13.98%
200327.713.04%
200224.5-2.83%
200125.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-120-391.25%๐Ÿ‡บ๐Ÿ‡ธ USA
32.8-20.01%๐Ÿ‡บ๐Ÿ‡ธ USA
-62.2-251.41%๐Ÿ‡บ๐Ÿ‡ธ USA
20.4-50.42%๐Ÿ‡บ๐Ÿ‡ธ USA
38.1-7.11%๐Ÿ‡บ๐Ÿ‡ธ USA
35.0-14.71%๐Ÿ‡บ๐Ÿ‡ธ USA
35.6-13.27%๐Ÿ‡บ๐Ÿ‡ธ 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.