P/E ratio for Citrix Systems (CTXS)
P/E ratio as of June 2024 (TTM): 39.4
According to Citrix Systems 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.4442. At the end of 2021 the company had a P/E ratio of 38.1.
P/E ratio history for Citrix Systems from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 38.1 | |
| 2019 | 21.2 | -11.66% |
| 2018 | 24.0 | -105.09% |
| 2017 | -473 | -2389.38% |
| 2016 | 20.6 | -30.28% |
| 2015 | 29.6 | -12.07% |
| 2014 | 33.7 | 22.37% |
| 2013 | 27.5 | -0.84% |
| 2012 | 27.7 | 9.43% |
| 2011 | 25.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 35.8 | -9.29% | 🇺🇸 USA |
 Cisco CSCO | 14.9 | -62.16% | 🇺🇸 USA |
 Adobe ADBE | 40.0 | 1.38% | 🇺🇸 USA |
 Oracle ORCL | 33.7 | -14.45% | 🇺🇸 USA |
 IBM IBM | 21.7 | -44.89% | 🇺🇸 USA |
 HP HPQ | 16.4 | -58.40% | 🇺🇸 USA |
 Vmware VMW | 42.7 | 8.15% | 🇺🇸 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.