P/E ratio for CTS Corporation (CTS)
P/E ratio as of September 2023 (TTM): 22.5
According to CTS Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.4918. At the end of 2021 the company had a P/E ratio of -28.5.
P/E ratio history for CTS Corporation from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -28.5 | -188.72% |
| 2020 | 32.1 | 17.6% |
| 2019 | 27.3 | 48.58% |
| 2018 | 18.4 | -68.62% |
| 2017 | 58.5 | 171.71% |
| 2016 | 21.5 | -75.58% |
| 2015 | 88.2 | |
| 2013 | -166 | -1036.5% |
| 2012 | 17.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Sanmina SANM | 9.85 | -56.19% | 🇺🇸 USA |
 Plexus PLXS | 16.8 | -25.34% | 🇺🇸 USA |
 Littelfuse LFUS | 19.0 | -15.70% | 🇺🇸 USA |
 IEC Electronics
IEC | N/A | N/A | 🇺🇸 USA |
 Vishay Precision Group
VPG | 13.2 | -41.51% | 🇺🇸 USA |
 Vishay Intertechnology
VSH | 8.36 | -62.82% | 🇺🇸 USA |
 Knowles
KN | -6.84 | -130.42% | 🇺🇸 USA |
 Jabil JBL | 14.8 | -34.25% | 🇺🇸 USA |
 Celestica CLS | 16.5 | -26.45% | 🇨🇦 Canada |
 Benchmark Electronics
BHE | 13.0 | -42.20% | 🇺🇸 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.