P/E ratio for Ebix (EBIX)
P/E ratio as of September 2023 (TTM): 10.7
According to Ebix's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.7407. At the end of 2019 the company had a P/E ratio of 10.5.
P/E ratio history for Ebix from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2019 | 10.5 | -26.7% |
| 2018 | 14.4 | -42.31% |
| 2017 | 24.9 | 25.37% |
| 2016 | 19.9 | 38.83% |
| 2015 | 14.3 | 40.74% |
| 2014 | 10.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Salesforce CRM | 128 | 1,093.75% | 🇺🇸 USA |
 Thomson Reuters
TRI | 26.9 | 150.83% | 🇨🇦 Canada |
 Benefitfocus BNFT | -14.2 | -232.26% | 🇺🇸 USA |
 Guidewire Software
GWRE | -64.8 | -702.90% | 🇺🇸 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.