P/E ratio for IDEXX Laboratories (IDXX)

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

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Neogen NEOG	-125	-395.09%	🇺🇸 USA
Petco WOOF	32.3	-23.74%	🇺🇸 USA
Heska Corporation HSKA	-62.2	-246.92%	🇺🇸 USA
Henry Schein HSIC	21.8	-48.59%	🇺🇸 USA
Abbott Laboratories ABT	39.5	-6.54%	🇺🇸 USA
Meridian Bioscience VIVO	35.0	-17.24%	🇺🇸 USA
Thermo Fisher Scientific TMO	33.5	-20.81%	🇺🇸 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.