P/E ratio for ResMed (RMD)

P/E ratio history for ResMed from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Medtronic MDT	30.0	-20.60%	🇮🇪 Ireland
Thermo Fisher Scientific TMO	34.5	-8.67%	🇺🇸 USA
Masimo MASI	76.5	102.63%	🇺🇸 USA
Allied Healthcare Products AHPI	-0.0042	-100.01%	🇺🇸 USA
Inogen INGN	-2.01	-105.33%	🇺🇸 USA
Philips PHG	-35.7	-194.61%	🇳🇱 Netherlands

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.