According to Zoetis's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.19. At the end of 2022 the company had a P/E ratio of 32.5.
Year | P/E ratio | Change |
---|---|---|
2022 | 32.5 | -42.74% |
2021 | 56.8 | 17.96% |
2020 | 48.1 | 14.14% |
2019 | 42.1 | 45.36% |
2018 | 29.0 | -29.16% |
2017 | 40.9 | 26.17% |
2016 | 32.4 | -53.96% |
2015 | 70.5 | 89.97% |
2014 | 37.1 | 14.61% |
2013 | 32.4 |
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.