P/E ratio for Richardson Electronics (RELL)

P/E ratio history for Richardson Electronics 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
Sanmina SANM	14.7	28.05%	🇺🇸 USA
Arrow Electronics ARW	6.59	-42.66%	🇺🇸 USA
Avnet AVT	6.25	-45.56%	🇺🇸 USA
3M MMM	-9.63	-183.83%	🇺🇸 USA
TESSCO Technologies TESS	-19.1	-266.56%	🇺🇸 USA
General Electric GE	21.2	84.49%	🇺🇸 USA
MKS Instruments MKSI	-4.47	-138.92%	🇺🇸 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.