P/E ratio for ABB (ABBN.SW)
P/E ratio as of April 2024 (TTM): 22.8
According to ABB's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.757. At the end of 2022 the company had a P/E ratio of 23.2.
P/E ratio history for ABB from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.2 | 39.01% |
| 2021 | 16.7 | 44.6% |
| 2020 | 11.5 | -67.97% |
| 2019 | 36.0 | 93.25% |
| 2018 | 18.6 | -27.76% |
| 2017 | 25.8 | 12.54% |
| 2016 | 22.9 | |
| 2014 | 18.8 | -14.23% |
| 2013 | 21.9 | 25.62% |
| 2012 | 17.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Emerson EMR | 4.76 | -79.07% | 🇺🇸 USA |
 General Electric GE | 18.6 | -18.18% | 🇺🇸 USA |
 Illinois Tool Works ITW | 24.3 | 6.99% | 🇺🇸 USA |
 Honeywell HON | 23.9 | 5.15% | 🇺🇸 USA |
 Siemens SIE.DE | 15.8 | -30.76% | 🇩🇪 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.