P/E ratio for Element Solutions (ESI)
P/E ratio as of April 2024 (TTM): 108
According to Element Solutions's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 108.273. At the end of 2022 the company had a P/E ratio of 23.9.
P/E ratio history for Element Solutions from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.9 | -19.17% |
| 2021 | 29.6 | -48.23% |
| 2020 | 57.2 | 81.18% |
| 2019 | 31.6 | -445.32% |
| 2018 | -9.14 | -5.08% |
| 2017 | -9.63 | -81.35% |
| 2016 | -51.6 | 499.62% |
| 2015 | -8.61 | -27.57% |
| 2014 | -11.9 | -84.55% |
| 2013 | -77.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Strategic Education
STRA | 48.2 | -55.52% | 🇺🇸 USA |
 Grand Canyon Education LOPE | 20.8 | -80.80% | 🇺🇸 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.