IDEX
IEX
#1014
Rank
$18.11 B
Marketcap
$237.62
Share price
-0.77%
Change (1 day)
4.55%
Change (1 year)
IDEX Corporation, is an American company founded in 1988 that develops, designs and manufactures fluidic systems and specialty technical handling.

P/E ratio for IDEX (IEX)

P/E ratio as of March 2024 (TTM): 29.1

According to IDEX's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.1201. At the end of 2022 the company had a P/E ratio of 29.5.

P/E ratio history for IDEX from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202229.5-26.44%
202140.10.54%
202039.830.41%
201930.629.94%
201823.5-21.43%
201729.918.96%
201625.219.53%
201521.0-5.91%
201422.4-5.8%
201323.7-78.06%
2012108582.32%
201115.9-21.76%
201020.3-8.25%
200922.141.79%
200815.6-16.77%
200718.78.98%
200617.2-10.58%
200519.2-18.18%
200423.58.39%
200321.713.28%
200219.1-40.14%
200131.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
22.9-21.25%๐Ÿ‡บ๐Ÿ‡ธ USA
29.3 0.60%๐Ÿ‡บ๐Ÿ‡ธ USA
19.9-31.69%๐Ÿ‡บ๐Ÿ‡ธ USA
52.0 78.47%๐Ÿ‡บ๐Ÿ‡ธ USA
22.6-22.36%๐Ÿ‡บ๐Ÿ‡ธ USA
27.1-6.85%๐Ÿ‡บ๐Ÿ‡ธ USA
24.3-16.43%๐Ÿ‡บ๐Ÿ‡ธ USA
29.4 1.03%๐Ÿ‡บ๐Ÿ‡ธ USA
34.5 18.32%๐Ÿ‡บ๐Ÿ‡ธ 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.