P/E ratio for Cirrus Logic (CRUS)
P/E ratio as of April 2024 (TTM): 32.3
According to Cirrus Logic 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.3193. At the end of 2022 the company had a P/E ratio of 12.8.
P/E ratio history for Cirrus Logic from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.8 | -38.22% |
| 2021 | 20.7 | -12.71% |
| 2020 | 23.7 | -23.25% |
| 2019 | 30.9 | 46.98% |
| 2018 | 21.0 | 17.84% |
| 2017 | 17.8 | 18.2% |
| 2016 | 15.1 | 5.69% |
| 2015 | 14.3 | -55.21% |
| 2014 | 31.9 | 200.9% |
| 2013 | 10.6 | -9.38% |
| 2012 | 11.7 | 83.51% |
| 2011 | 6.37 | -45.03% |
| 2010 | 11.6 | -74.53% |
| 2009 | 45.5 | -83.03% |
| 2008 | 268 | 813.64% |
| 2007 | 29.3 | 83.33% |
| 2006 | 16.0 | 12.57% |
| 2005 | 14.2 | -128.37% |
| 2004 | -50.1 | 864.04% |
| 2003 | -5.20 | 183.25% |
| 2002 | -1.83 | -77.38% |
| 2001 | -8.11 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Texas Instruments TXN | 22.7 | -29.70% | 🇺🇸 USA |
 Analog Devices ADI | 27.1 | -16.18% | 🇺🇸 USA |
 Maxim Integrated
MXIM | N/A | N/A | 🇺🇸 USA |
 QUALCOMM QCOM | 25.6 | -20.84% | 🇺🇸 USA |
 NXP Semiconductors NXPI | 22.7 | -29.71% | 🇳🇱 Netherlands |
 STMicroelectronics STM | 8.56 | -73.52% | 🇨🇭 Switzerland |
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.