P/E ratio for Encore Wire (WIRE)
P/E ratio as of September 2023 (TTM): 5.72
According to Encore Wire's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.71986. At the end of 2021 the company had a P/E ratio of 5.40.
P/E ratio history for Encore Wire from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 5.40 | -67.2% |
| 2020 | 16.5 | -20.57% |
| 2019 | 20.7 | 54.86% |
| 2018 | 13.4 | -11.16% |
| 2017 | 15.1 | -43.02% |
| 2016 | 26.4 | 63.91% |
| 2015 | 16.1 | -23.11% |
| 2014 | 21.0 | -12.17% |
| 2013 | 23.9 | -27.53% |
| 2012 | 32.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Amphenol APH | 26.1 | 356.31% | 🇺🇸 USA |
 Preformed Line Products PLPC | 11.6 | 102.06% | 🇺🇸 USA |
 Belden BDC | 13.9 | 142.86% | 🇺🇸 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.