P/E ratio for Flexsteel Industries (FLXS)
P/E ratio as of April 2024 (TTM): 13.2
According to Flexsteel Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.2211. At the end of 2022 the company had a P/E ratio of 11.2.
P/E ratio history for Flexsteel Industries from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.2 | -55.96% |
| 2021 | 25.3 | -260.86% |
| 2020 | -15.8 | 213.94% |
| 2019 | -5.02 | -123.41% |
| 2018 | 21.4 | 52.6% |
| 2017 | 14.0 | -31.21% |
| 2016 | 20.4 | 47.45% |
| 2015 | 13.8 | 14.66% |
| 2014 | 12.1 | -32% |
| 2013 | 17.8 | 63.14% |
| 2012 | 10.9 | 32.17% |
| 2011 | 8.24 | -23.88% |
| 2010 | 10.8 | -47.1% |
| 2009 | 20.5 | -66.36% |
| 2008 | 60.8 | 700.77% |
| 2007 | 7.59 | -51.7% |
| 2006 | 15.7 | -19.53% |
| 2005 | 19.5 | 36.18% |
| 2004 | 14.3 | -10.08% |
| 2003 | 16.0 | 39.34% |
| 2002 | 11.5 | -68.44% |
| 2001 | 36.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bassett Furniture BSET | 20.7 | 56.86% | 🇺🇸 USA |
 Ethan Allen
ETD | 9.33 | -29.45% | 🇺🇸 USA |
 Hooker Furniture HOFT | -18.4 | -238.92% | 🇺🇸 USA |
 La-Z-Boy
LZB | 10.5 | -20.53% | 🇺🇸 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.