P/E ratio for Flex (FLEX)
P/E ratio as of May 2023 (TTM): 14.4
According to Flex's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.4304. At the end of 2021 the company had a P/E ratio of 8.91.
P/E ratio history for Flex from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 8.91 | -58.68% |
| 2020 | 21.6 | -107.3% |
| 2019 | -296 | -1062.26% |
| 2018 | 30.7 | 68.99% |
| 2017 | 18.2 | -32.3% |
| 2016 | 26.8 | 117.88% |
| 2015 | 12.3 | -6.34% |
| 2014 | 13.2 | -20.44% |
| 2013 | 16.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 TTM Technologies
TTMI | 20.0 | 38.84% | 🇺🇸 USA |
 Sanmina SANM | 11.4 | -21.33% | 🇺🇸 USA |
 Plexus PLXS | 15.1 | 4.64% | 🇺🇸 USA |
 IEC Electronics
IEC | N/A | N/A | 🇺🇸 USA |
 Jabil JBL | 13.0 | -9.90% | 🇺🇸 USA |
 Celestica CLS | 10.9 | -24.59% | 🇨🇦 Canada |
 Benchmark Electronics
BHE | 12.2 | -15.78% | 🇺🇸 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.