P/E ratio for Hurco Companies (HURC)
P/E ratio as of September 2023 (TTM): 40.0
According to Hurco Companies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.9808. At the end of 2021 the company had a P/E ratio of 29.4.
P/E ratio history for Hurco Companies from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 29.4 | -191.16% |
| 2020 | -32.3 | -316.12% |
| 2019 | 14.9 | 33.37% |
| 2018 | 11.2 | -39.8% |
| 2017 | 18.6 | 12.89% |
| 2016 | 16.5 | 52.52% |
| 2015 | 10.8 | -26.84% |
| 2014 | 14.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Lincoln Electric
LECO | 21.5 | -46.29% | 🇺🇸 USA |
 Cognex CGNX | 41.9 | 4.70% | 🇺🇸 USA |
 ESCO Technologies
ESE | 29.7 | -25.68% | 🇺🇸 USA |
 Kennametal KMT | 16.7 | -58.30% | 🇺🇸 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.