P/E ratio for Bio-Techne (TECH)
P/E ratio as of April 2024 (TTM): 39.6
According to Bio-Techne's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.6242. At the end of 2022 the company had a P/E ratio of 49.6.
P/E ratio history for Bio-Techne from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 49.6 | -48.47% |
| 2021 | 96.2 | 38.09% |
| 2020 | 69.6 | 62.43% |
| 2019 | 42.9 | -24.75% |
| 2018 | 57.0 | 35.46% |
| 2017 | 42.1 | -9.6% |
| 2016 | 46.5 | 38.04% |
| 2015 | 33.7 | 14.55% |
| 2014 | 29.4 | -3.64% |
| 2013 | 30.5 | 33.61% |
| 2012 | 22.9 | 2.13% |
| 2011 | 22.4 | 2.24% |
| 2010 | 21.9 | -10.6% |
| 2009 | 24.5 | 7.4% |
| 2008 | 22.8 | -18.19% |
| 2007 | 27.9 | 0.02% |
| 2006 | 27.9 | -10.56% |
| 2005 | 31.2 | 11.33% |
| 2004 | 28.0 | -9.06% |
| 2003 | 30.8 | -21.34% |
| 2002 | 39.1 | -6.57% |
| 2001 | 41.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Thermo Fisher Scientific TMO | 35.3 | -10.91% | 🇺🇸 USA |
 Becton Dickinson BDX | 42.0 | 6.02% | 🇺🇸 USA |
 General Electric GE | 17.9 | -54.86% | 🇺🇸 USA |
 Danaher DHR | 29.5 | -25.62% | 🇺🇸 USA |
 Qiagen QGEN | 27.1 | -31.50% | 🇳🇱 Netherlands |
 Enzo Biochem ENZ | -1.20 | -103.03% | 🇺🇸 USA |
 Bio-Rad Laboratories BIO | -49.1 | -223.99% | 🇺🇸 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.