Flex
FLEX
#1430
Rank
$11.40 B
Marketcap
$27.07
Share price
-2.03%
Change (1 day)
30.27%
Change (1 year)

P/E ratio for Flex (FLEX)

P/E ratio as of April 2024 (TTM): 15.7

According to Flex's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.7394. At the end of 2022 the company had a P/E ratio of 12.0.

P/E ratio history for Flex from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202212.035.03%
20218.86-58.14%
202021.2-106.7%
2019-316-1136.47%
201830.470.9%
201717.8-33.64%
201626.8120.28%
201512.2-5.18%
201412.9-20.61%
201316.274.65%
20129.2711.35%
20118.32-28.96%
201011.7-162.51%
2009-18.75281.46%
2008-0.3483-98.93%
2007-32.6-312.94%
200615.3-56.02%
200534.830.94%
200426.6-220.31%
2003-22.1-54.15%
2002-48.254.63%
2001-31.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-48.5-408.25%๐Ÿ‡บ๐Ÿ‡ธ USA
10.8-31.50%๐Ÿ‡บ๐Ÿ‡ธ USA
18.5 17.23%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
21.1 34.10%๐Ÿ‡บ๐Ÿ‡ธ USA
26.1 65.68%๐Ÿ‡จ๐Ÿ‡ฆ Canada
15.6-0.67%๐Ÿ‡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.