P/E ratio for Fortune Brands Innovations (FBIN)
P/E ratio as of May 2024 (TTM): 21.7
According to Fortune Brands Innovations's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.7439. At the end of 2022 the company had a P/E ratio of 10.8.
P/E ratio history for Fortune Brands Innovations from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.8 | -33.35% |
| 2021 | 16.3 | -11.43% |
| 2020 | 18.4 | 1.47% |
| 2019 | 18.1 | 50.28% |
| 2018 | 12.0 | -36.75% |
| 2017 | 19.0 | 11.88% |
| 2016 | 17.0 | -29.37% |
| 2015 | 24.1 | -39.28% |
| 2014 | 39.7 | 41.72% |
| 2013 | 28.0 | -16.79% |
| 2012 | 33.6 | -155.48% |
| 2011 | -60.6 |
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.