P/E ratio for Fastenal (FAST)
P/E ratio as of April 2024 (TTM): 34.2
According to Fastenal's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.2412. At the end of 2022 the company had a P/E ratio of 24.9.
P/E ratio history for Fastenal from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.9 | -37.41% |
| 2021 | 39.8 | 22.23% |
| 2020 | 32.6 | 21.58% |
| 2019 | 26.8 | 34.67% |
| 2018 | 19.9 | -26.93% |
| 2017 | 27.2 | 0.77% |
| 2016 | 27.0 | 17.07% |
| 2015 | 23.1 | -19.02% |
| 2014 | 28.5 | -9.49% |
| 2013 | 31.5 | -4.23% |
| 2012 | 32.9 | -8.85% |
| 2011 | 36.0 | 8.29% |
| 2010 | 33.3 | -0.89% |
| 2009 | 33.6 | 81.15% |
| 2008 | 18.5 | -28.91% |
| 2007 | 26.1 | -4.06% |
| 2006 | 27.2 | -23.24% |
| 2005 | 35.4 | -1.06% |
| 2004 | 35.8 | -19.43% |
| 2003 | 44.4 | 19.39% |
| 2002 | 37.2 | 2.49% |
| 2001 | 36.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 W. W. Grainger
GWW | 26.3 | -23.17% | 🇺🇸 USA |
 WESCO International
WCC | 10.3 | -70.05% | 🇺🇸 USA |
 MSC Industrial Direct MSM | 14.5 | -57.66% | 🇺🇸 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.