Flexsteel Industries
FLXS
#7413
Rank
C$0.43 B
Marketcap
$83.34
Share price
1.19%
Change (1 day)
251.54%
Change (1 year)

P/E ratio for Flexsteel Industries (FLXS)

P/E ratio as of November 2024 (TTM): 20.4

According to Flexsteel Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.3915. At the end of 2022 the company had a P/E ratio of 11.2.

P/E ratio history for Flexsteel Industries from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202211.2-55.96%
202125.3-260.86%
2020-15.8213.94%
2019-5.02-123.41%
201821.452.6%
201714.0-31.21%
201620.447.45%
201513.814.66%
201412.1-32%
201317.863.14%
201210.932.17%
20118.24-23.88%
201010.8-47.1%
200920.5-66.36%
200860.8700.77%
20077.59-51.7%
200615.7-19.53%
200519.536.18%
200414.3-10.08%
200316.039.34%
200211.5-68.44%
200136.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
22.8 11.89%๐Ÿ‡บ๐Ÿ‡ธ USA
13.5-33.72%๐Ÿ‡บ๐Ÿ‡ธ USA
-19.5-195.48%๐Ÿ‡บ๐Ÿ‡ธ USA
8.30-59.30%๐Ÿ‡บ๐Ÿ‡ธ 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.