P/E ratio for Ichor Systems (ICHR)
P/E ratio as of April 2024 (TTM): 49.6
According to Ichor Systems's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 49.6311. At the end of 2022 the company had a P/E ratio of 10.6.
P/E ratio history for Ichor Systems from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.6 | -42.42% |
| 2021 | 18.4 | -12.66% |
| 2020 | 21.1 | -69.59% |
| 2019 | 69.3 | 869.52% |
| 2018 | 7.15 | -40.42% |
| 2017 | 12.0 | -97.54% |
| 2016 | 488 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Parker-Hannifin
PH | 30.0 | -39.46% | 🇺🇸 USA |
 NN, Inc.
NNBR | -3.45 | -106.94% | 🇺🇸 USA |
 Ichor Systems ICHR | 49.6 | 0.00% | 🇺🇸 USA |
 Helios Technologies HLIO | 21.5 | -56.73% | 🇺🇸 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.