P/E ratio for Graco (GGG)
P/E ratio as of October 2023 (TTM): 24.3
According to Graco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.2824. At the end of 2021 the company had a P/E ratio of 31.0.
P/E ratio history for Graco from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 31.0 | -16% |
| 2020 | 36.9 | 46.23% |
| 2019 | 25.2 | 22.44% |
| 2018 | 20.6 | -31.16% |
| 2017 | 29.9 | -73.33% |
| 2016 | 112 | 830.11% |
| 2015 | 12.1 | -43.54% |
| 2014 | 21.4 | -5.85% |
| 2013 | 22.7 | 8.94% |
| 2012 | 20.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 19.4 | -20.19% | 🇺🇸 USA |
 IDEX IEX | 26.9 | 10.80% | 🇺🇸 USA |
 Illinois Tool Works ITW | 22.9 | -5.85% | 🇺🇸 USA |
 Xylem XYL | 47.9 | 97.35% | 🇺🇸 USA |
 Flowserve
FLS | 21.8 | -10.20% | 🇺🇸 USA |
 Chart Industries GTLS | -385 | -1,685.14% | 🇺🇸 USA |
 Colfax Corporation CFX | 27.1 | 11.71% | 🇺🇸 USA |
 ITT ITT | 19.2 | -20.96% | 🇺🇸 USA |
 Gorman-Rupp GRC | 39.8 | 64.03% | 🇺🇸 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.