P/E ratio for Fonar Corporation (FONR)
P/E ratio as of May 2024 (TTM): 10.9
According to Fonar Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.9463. At the end of 2022 the company had a P/E ratio of 13.3.
P/E ratio history for Fonar Corporation from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.3 | 58.85% |
| 2021 | 8.37 | -47.94% |
| 2020 | 16.1 | 77.97% |
| 2019 | 9.03 | 33.43% |
| 2018 | 6.77 | -17.71% |
| 2017 | 8.23 | 12.98% |
| 2016 | 7.28 | -8.03% |
| 2015 | 7.92 | 30.18% |
| 2014 | 6.08 | -52.97% |
| 2013 | 12.9 | 159.85% |
| 2012 | 4.98 | 116.65% |
| 2011 | 2.30 | -41.68% |
| 2010 | 3.94 | -39.78% |
| 2009 | 6.54 | -1565.96% |
| 2008 | -0.4462 | -113.19% |
| 2007 | 3.38 | -394.8% |
| 2006 | -1.15 | -76.71% |
| 2005 | -4.93 | -96.86% |
| 2004 | -157 | 2630.43% |
| 2003 | -5.75 | 66.59% |
| 2002 | -3.45 | -18.79% |
| 2001 | -4.25 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Medtronic MDT | 30.0 | 174.37% | 🇮🇪 Ireland |
 DaVita DVA | 26.1 | 138.04% | 🇺🇸 USA |
 General Electric GE | 19.2 | 75.35% | 🇺🇸 USA |
 Hologic HOLX | 39.3 | 258.58% | 🇺🇸 USA |
 Philips PHG | -37.6 | -443.49% | 🇳🇱 Netherlands |
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.