P/E ratio for Flexsteel Industries (FLXS)
P/E ratio as of September 2023 (TTM): 6.87
According to Flexsteel Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.8662. At the end of 2021 the company had a P/E ratio of 25.3.
P/E ratio history for Flexsteel Industries from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 25.3 | -260.86% |
| 2020 | -15.8 | 213.94% |
| 2019 | -5.02 | -131.13% |
| 2018 | 16.1 | 14.73% |
| 2017 | 14.0 | -31.21% |
| 2016 | 20.4 | 47.45% |
| 2015 | 13.8 | 14.66% |
| 2014 | 12.1 | -32% |
| 2013 | 17.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bassett Furniture BSET | 7.85 | 14.37% | 🇺🇸 USA |
 Ethan Allen
ETD | 7.19 | 4.70% | 🇺🇸 USA |
 Hooker Furniture HOFT | -20.4 | -397.08% | 🇺🇸 USA |
 La-Z-Boy
LZB | 9.72 | 41.60% | 🇺🇸 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.