P/E ratio for Atkore (ATKR)
P/E ratio as of May 2024 (TTM): 8.27
According to Atkore's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.26586. At the end of 2022 the company had a P/E ratio of 5.55.
P/E ratio history for Atkore from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.55 | -25.23% |
| 2021 | 7.42 | -24.04% |
| 2020 | 9.76 | -25.91% |
| 2019 | 13.2 | 86.66% |
| 2018 | 7.06 | -50.96% |
| 2017 | 14.4 | -34.97% |
| 2016 | 22.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northwest Pipe Company
NWPX | 12.8 | 54.97% | 🇺🇸 USA |
 Tenaris TS | 4.80 | -41.88% | 🇱🇺 Luxembourg |
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.