P/E ratio for Fleetcor (FLT)
P/E ratio as of September 2023 (TTM): 20.6
According to Fleetcor's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.5672. At the end of 2021 the company had a P/E ratio of 21.9.
P/E ratio history for Fleetcor from 2011 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 21.9 | -32.71% |
| 2020 | 32.5 | 17.09% |
| 2019 | 27.8 | 36.98% |
| 2018 | 20.3 | -14.23% |
| 2017 | 23.6 | -18.98% |
| 2016 | 29.2 | -19.56% |
| 2015 | 36.3 | 6.6% |
| 2014 | 34.0 | 1.36% |
| 2013 | 33.6 | 62.08% |
| 2012 | 20.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Visa V | 29.4 | 42.76% | 🇺🇸 USA |
 Mastercard MA | 37.3 | 81.34% | 🇺🇸 USA |
 Fidelity National Information Services FIS | -1.40 | -106.82% | 🇺🇸 USA |
 Global Payments GPN | 38.6 | 87.54% | 🇺🇸 USA |
 WEX WEX | 39.8 | 93.41% | 🇺🇸 USA |
 Euronet Worldwide
EEFT | 14.5 | -29.42% | 🇺🇸 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.