Reason: Rebrands as Coherent
Last recorded trade on: November 10, 2022
Source: https://ii-vi.com/ii-vi-changes-name-to-coherent-and-launches-new-brand-identity/
P/E ratio for II-VI Incorporated (IIVI)
P/E ratio at the end of 2021: 29.3
According to II-VI Incorporated 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.78. At the end of 2021 the company had a P/E ratio of 29.3.
P/E ratio history for II-VI Incorporated from 2001 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 29.3 | -147.81% |
| 2020 | -61.3 | -376.71% |
| 2019 | 22.1 | -28.17% |
| 2018 | 30.8 | 37.97% |
| 2017 | 22.3 | 30.52% |
| 2016 | 17.1 | -2.68% |
| 2015 | 17.6 | -25.54% |
| 2014 | 23.6 | 13.85% |
| 2013 | 20.7 | 19.44% |
| 2012 | 17.4 | -9.22% |
| 2011 | 19.1 | -19.22% |
| 2010 | 23.7 | 30.85% |
| 2009 | 18.1 | 11.11% |
| 2008 | 16.3 | -22.67% |
| 2007 | 21.1 | -57.39% |
| 2006 | 49.4 | 125.66% |
| 2005 | 21.9 | -10.96% |
| 2004 | 24.6 | -15.02% |
| 2003 | 29.0 | 5.28% |
| 2002 | 27.5 | 8.43% |
| 2001 | 25.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 56.8 | 238.39% | 🇺🇸 USA |
 | -12.7 | -175.64% | 🇺🇸 USA |
 | -17.5 | -204.52% | 🇺🇸 USA |
 | 16.1 | -4.03% | 🇺🇸 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.