P/E ratio for Flowserve (FLS)
P/E ratio as of October 2023 (TTM): 22.0
According to Flowserve 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.9724. At the end of 2021 the company had a P/E ratio of 31.5.
P/E ratio history for Flowserve from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 31.5 | -23.35% |
| 2020 | 41.2 | 59.6% |
| 2019 | 25.8 | -37.6% |
| 2018 | 41.3 | -101.96% |
| 2017 | < -1000 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 19.2 | -12.54% | 🇺🇸 USA |
 IDEX IEX | 26.8 | 21.84% | 🇺🇸 USA |
 Illinois Tool Works ITW | 22.7 | 3.27% | 🇺🇸 USA |
 Parker-Hannifin
PH | 24.0 | 9.23% | 🇺🇸 USA |
 Xylem XYL | 47.9 | 118.05% | 🇺🇸 USA |
 Ingersoll Rand IR | 36.6 | 66.67% | 🇮🇪 Ireland |
 Colfax Corporation CFX | 27.1 | 23.45% | 🇺🇸 USA |
 ITT ITT | 19.0 | -13.47% | 🇺🇸 USA |
 Graco GGG | 24.2 | 10.20% | 🇺🇸 USA |
 Gorman-Rupp GRC | 39.6 | 80.40% | 🇺🇸 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.