Flex
FLEX
#1190
Rank
$15.44 B
Marketcap
$39.83
Share price
6.70%
Change (1 day)
99.15%
Change (1 year)

P/E ratio for Flex (FLEX)

P/E ratio as of November 2024 (TTM): 22.7

According to Flex's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.6891. At the end of 2022 the company had a P/E ratio of 9.01.

P/E ratio history for Flex from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20229.0135.03%
20216.67-58.14%
202015.9-106.7%
2019-238-1136.47%
201822.970.9%
201713.4-33.64%
201620.2120.28%
20159.18-5.18%
20149.68-20.61%
201312.274.65%
20126.9811.35%
20116.27-28.96%
20108.83-162.51%
2009-14.15281.46%
2008-0.2625-98.93%
2007-24.6-312.94%
200611.5-56.02%
200526.230.94%
200420.0-220.31%
2003-16.6-54.15%
2002-36.354.63%
2001-23.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
24.6 8.55%๐Ÿ‡บ๐Ÿ‡ธ USA
14.4-36.68%๐Ÿ‡บ๐Ÿ‡ธ USA
20.9-7.99%๐Ÿ‡บ๐Ÿ‡ธ USA
-80.3-454.11%๐Ÿ‡บ๐Ÿ‡ธ USA
31.0 36.72%๐Ÿ‡บ๐Ÿ‡ธ USA
51.8 128.19%๐Ÿ‡จ๐Ÿ‡ฆ Canada
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ 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.