P/E ratio for Clearfield (CLFD)
P/E ratio as of April 2024 (TTM): 9.24
According to Clearfield's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.24127. At the end of 2022 the company had a P/E ratio of 24.6.
P/E ratio history for Clearfield from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.6 | -41.48% |
| 2021 | 42.0 | 22.33% |
| 2020 | 34.3 | -26.11% |
| 2019 | 46.5 | 54.58% |
| 2018 | 30.1 | -28.84% |
| 2017 | 42.2 | 10.19% |
| 2016 | 38.3 | 5.77% |
| 2015 | 36.2 | 0.1% |
| 2014 | 36.2 | -10.56% |
| 2013 | 40.5 | 422.9% |
| 2012 | 7.74 | -44.05% |
| 2011 | 13.8 | -48.75% |
| 2010 | 27.0 | 201.15% |
| 2009 | 8.97 | -5.17% |
| 2008 | 9.45 | |
| 2006 | -5.96 | 58.89% |
| 2005 | -3.75 | -36.59% |
| 2004 | -5.91 | 39.16% |
| 2003 | -4.25 | 21.03% |
| 2002 | -3.51 | -60.4% |
| 2001 | -8.87 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Corning GLW | 45.9 | 396.75% | 🇺🇸 USA |
 Emerson EMR | 4.78 | -48.28% | 🇺🇸 USA |
 Amphenol APH | 37.5 | 305.32% | 🇺🇸 USA |
 TE Connectivity
TEL | 23.3 | 151.79% | 🇨🇭 Switzerland |
 Preformed Line Products PLPC | 8.39 | -9.23% | 🇺🇸 USA |
 Belden BDC | 13.3 | 44.10% | 🇺🇸 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.