P/E ratio for IDEX (IEX)
P/E ratio as of March 2023 (TTM): 28.5
According to IDEX's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.4942. At the end of 2021 the company had a P/E ratio of 40.1.
P/E ratio history for IDEX from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 40.1 | 0.54% |
| 2020 | 39.8 | 30.41% |
| 2019 | 30.6 | 29.94% |
| 2018 | 23.5 | -21.43% |
| 2017 | 29.9 | |
| 2013 | 23.7 | -78.06% |
| 2012 | 108 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 19.2 | -32.59% | 🇺🇸 USA |
 Parker-Hannifin
PH | 33.5 | 17.49% | 🇺🇸 USA |
 Roper Technologies ROP | 10.1 | -64.71% | 🇺🇸 USA |
 Xylem XYL | 56.6 | 98.57% | 🇺🇸 USA |
 Flowserve
FLS | 22.3 | -21.62% | 🇺🇸 USA |
 Colfax Corporation CFX | 27.1 | -4.81% | 🇺🇸 USA |
 ITT ITT | 18.7 | -34.43% | 🇺🇸 USA |
 Graco GGG | 25.7 | -9.74% | 🇺🇸 USA |
 Gorman-Rupp GRC | 56.1 | 96.86% | 🇺🇸 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.