According to S&P Global's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 59.7303. At the end of 2022 the company had a P/E ratio of 31.8.
Year | P/E ratio | Change |
---|---|---|
2022 | 31.8 | -15.43% |
2021 | 37.6 | 10.99% |
2020 | 33.9 | 7.25% |
2019 | 31.6 | 44.89% |
2018 | 21.8 | -25.15% |
2017 | 29.1 | 117.07% |
2016 | 13.4 | -42.19% |
2015 | 23.2 | -110.95% |
2014 | -212 | -1446.46% |
2013 | 15.7 | -55.1% |
2012 | 35.0 | 138.46% |
2011 | 14.7 | 8.58% |
2010 | 13.5 | -5.08% |
2009 | 14.3 | 56.19% |
2008 | 9.13 | -36.86% |
2007 | 14.5 | -47.07% |
2006 | 27.3 | 19.05% |
2005 | 22.9 | 0.27% |
2004 | 22.9 | 18.48% |
2003 | 19.3 | -4.45% |
2002 | 20.2 | -35.03% |
2001 | 31.1 |
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.