P/E ratio for Franklin Electric (FELE)
P/E ratio as of April 2024 (TTM): 24.5
According to Franklin Electric 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.469. At the end of 2022 the company had a P/E ratio of 19.8.
P/E ratio history for Franklin Electric from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.8 | -30.77% |
| 2021 | 28.7 | -10.57% |
| 2020 | 32.0 | 14.04% |
| 2019 | 28.1 | 48.09% |
| 2018 | 19.0 | -31.38% |
| 2017 | 27.7 | 18.71% |
| 2016 | 23.3 | 30.99% |
| 2015 | 17.8 | -32.24% |
| 2014 | 26.2 | -0.05% |
| 2013 | 26.3 | 49.43% |
| 2012 | 17.6 | 9.73% |
| 2011 | 16.0 | -31.69% |
| 2010 | 23.4 | -8.8% |
| 2009 | 25.7 | 75.59% |
| 2008 | 14.6 | -52.56% |
| 2007 | 30.9 | 50.14% |
| 2006 | 20.6 | 7.09% |
| 2005 | 19.2 | -21.2% |
| 2004 | 24.4 | 28.05% |
| 2003 | 19.0 | 17.67% |
| 2002 | 16.2 | -1.63% |
| 2001 | 16.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Ametek AME | 31.9 | 30.48% | 🇺🇸 USA |
 A. O. Smith AOS | 41.9 | 71.27% | 🇺🇸 USA |
 Dover DOV | 24.6 | 0.59% | 🇺🇸 USA |
 Xylem XYL | 53.8 | 119.96% | 🇺🇸 USA |
 Danaher DHR | 30.7 | 25.65% | 🇺🇸 USA |
 Flowserve
FLS | 25.0 | 2.19% | 🇺🇸 USA |
 Allied Motion Technologies
AMOT | 23.0 | -5.89% | 🇺🇸 USA |
 Colfax Corporation CFX | 27.1 | 10.85% | 🇺🇸 USA |
 Gorman-Rupp GRC | 30.9 | 26.31% | 🇺🇸 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.