P/E ratio for CTS Corporation (CTS)
P/E ratio as of April 2024 (TTM): 22.6
According to CTS Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.5654. At the end of 2022 the company had a P/E ratio of 21.2.
P/E ratio history for CTS Corporation from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.2 | -174.45% |
| 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 | 290.79% |
| 2014 | 22.6 | -113.6% |
| 2013 | -166 | -1036.5% |
| 2012 | 17.7 | 17.47% |
| 2011 | 15.1 | -12.73% |
| 2010 | 17.3 | -283.23% |
| 2009 | -9.43 | -242.07% |
| 2008 | 6.64 | -52.53% |
| 2007 | 14.0 | -39.42% |
| 2006 | 23.1 | 18.99% |
| 2005 | 19.4 | -18.24% |
| 2004 | 23.7 | -25.71% |
| 2003 | 31.9 | -318.46% |
| 2002 | -14.6 | 48.07% |
| 2001 | -9.88 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Sanmina SANM | 10.8 | -52.22% | 🇺🇸 USA |
 Plexus PLXS | 18.5 | -18.23% | 🇺🇸 USA |
 Littelfuse LFUS | 18.1 | -19.77% | 🇺🇸 USA |
 IEC Electronics
IEC | N/A | N/A | 🇺🇸 USA |
 Vishay Precision Group
VPG | 13.2 | -41.61% | 🇺🇸 USA |
 Vishay Intertechnology
VSH | 7.12 | -68.44% | 🇺🇸 USA |
 Knowles
KN | -7.07 | -131.33% | 🇺🇸 USA |
 Jabil JBL | 21.1 | -6.47% | 🇺🇸 USA |
 Celestica CLS | 26.1 | 15.56% | 🇨🇦 Canada |
 Benchmark Electronics
BHE | 15.6 | -30.72% | 🇺🇸 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.