Clearfield
CLFD
#6065
Rank
$0.43 B
Marketcap
$29.62
Share price
0.68%
Change (1 day)
-51.86%
Change (1 year)

P/E ratio for Clearfield (CLFD)

P/E ratio as of February 2024 (TTM): 9.11

According to Clearfield's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.10836. 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
202224.6-41.48%
202142.022.33%
202034.3-26.11%
201946.554.58%
201830.1-28.84%
201742.210.19%
201638.35.77%
201536.20.1%
201436.2-10.56%
201340.5422.9%
20127.74-44.05%
201113.8-48.75%
201027.0201.15%
20098.97-5.17%
20089.45
2006-5.9658.89%
2005-3.75-36.59%
2004-5.9139.16%
2003-4.2521.03%
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
47.4 420.15%๐Ÿ‡บ๐Ÿ‡ธ USA
4.60-49.47%๐Ÿ‡บ๐Ÿ‡ธ USA
33.4 266.43%๐Ÿ‡บ๐Ÿ‡ธ USA
23.6 159.27%๐Ÿ‡จ๐Ÿ‡ญ Switzerland
8.91-2.21%๐Ÿ‡บ๐Ÿ‡ธ USA
13.4 46.96%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.