According to Richardson Electronics's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.4597. At the end of 2022 the company had a P/E ratio of 12.5.
Year | P/E ratio | Change |
---|---|---|
2022 | 12.5 | -39.11% |
2021 | 20.5 | -165.24% |
2020 | -31.4 | 245.79% |
2019 | -9.08 | -118.81% |
2018 | 48.3 | |
2016 | -9.26 | 0.11% |
2015 | -9.25 | -72.24% |
2014 | -33.3 | -155.75% |
2013 | 59.8 | 69.02% |
2012 | 35.4 | 1142.74% |
2011 | 2.85 | -62.47% |
2010 | 7.59 | -221.58% |
2009 | -6.24 | -169.8% |
2008 | 8.94 | 181.71% |
2007 | 3.17 | -109.62% |
2006 | -33.0 | 395.91% |
2005 | -6.65 | -132.68% |
2004 | 20.3 | -167.45% |
2003 | -30.2 | 189.14% |
2002 | -10.4 | -150.01% |
2001 | 20.9 |
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.