P/E ratio for Gates Industrial Corp (GTES)
P/E ratio as of March 2025 (TTM): 26.5
According to Gates Industrial Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.5187. At the end of 2022 the company had a P/E ratio of 14.6.
P/E ratio history for Gates Industrial Corp from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.6 | -7.14% |
| 2021 | 15.8 | -67.9% |
| 2020 | 49.1 | 748.86% |
| 2019 | 5.78 | -62.45% |
| 2018 | 15.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 11.1 | -58.14% | 🇺🇸 USA |
 | 13.3 | -49.92% | 🇺🇸 USA |
 | 26.5 | 0.00% | 🇺🇸 USA |
 | 238 | 798.93% | 🇺🇸 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.