P/E ratio for Energy Recovery (ERII)
P/E ratio as of April 2024 (TTM): 71.0
According to Energy Recovery 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 71. At the end of 2022 the company had a P/E ratio of 46.6.
P/E ratio history for Energy Recovery from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 46.6 | -45.83% |
| 2021 | 86.0 | 196.2% |
| 2020 | 29.0 | -40.71% |
| 2019 | 49.0 | 198.21% |
| 2018 | 16.4 | -36.22% |
| 2017 | 25.7 | -82.59% |
| 2016 | 148 | -560.09% |
| 2015 | -32.1 | 119.53% |
| 2014 | -14.6 | -81.54% |
| 2013 | -79.3 | 273.11% |
| 2012 | -21.3 | 311.82% |
| 2011 | -5.16 | -90.13% |
| 2010 | -52.3 | -153.2% |
| 2009 | 98.3 | 146.36% |
| 2008 | 39.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 General Electric GE | 19.0 | -73.26% | 🇺🇸 USA |
 IDEX IEX | 27.0 | -61.91% | 🇺🇸 USA |
 Flowserve
FLS | 25.0 | -64.78% | 🇺🇸 USA |
 Colfax Corporation CFX | 27.1 | -61.80% | 🇺🇸 USA |
 Graham Corporation
GHM | 135 | 90.21% | 🇺🇸 USA |
 Graco GGG | 26.5 | -62.61% | 🇺🇸 USA |
 Gorman-Rupp GRC | 30.9 | -56.47% | 🇺🇸 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.