P/E ratio for ABB (ABB)
P/E ratio as of June 2023 (TTM): 23.8
According to ABB's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.8013. At the end of 2021 the company had a P/E ratio of 16.7.
P/E ratio history for ABB from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 16.7 | 44.86% |
| 2020 | 11.5 | -68% |
| 2019 | 36.0 | 92.92% |
| 2018 | 18.6 | -27.73% |
| 2017 | 25.8 | 12.6% |
| 2016 | 22.9 | |
| 2014 | 18.6 | -15.48% |
| 2013 | 22.0 | 24.59% |
| 2012 | 17.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Emerson EMR | 10.3 | -56.83% | 🇺🇸 USA |
 General Electric GE | -258 | -1,184.18% | 🇺🇸 USA |
 Illinois Tool Works ITW | 22.8 | -4.00% | 🇺🇸 USA |
 Honeywell HON | 27.1 | 13.82% | 🇺🇸 USA |
 Siemens SIE.DE | 41.1 | 72.75% | 🇩🇪 Germany |
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.