P/E ratio for International Game Technology (IGT)
P/E ratio as of April 2024 (TTM): 40.2
According to International Game Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 40.2157. At the end of 2022 the company had a P/E ratio of 16.6.
P/E ratio history for International Game Technology from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.6 | 35.14% |
| 2021 | 12.3 | -416.74% |
| 2020 | -3.87 | -97.67% |
| 2019 | -166 | 25.06% |
| 2018 | -133 | 2533.91% |
| 2017 | -5.05 | -120.58% |
| 2016 | 24.5 | -157.63% |
| 2015 | -42.6 | -221.29% |
| 2014 | 35.1 | 112.26% |
| 2013 | 16.5 | 108.03% |
| 2012 | 7.95 | -38.05% |
| 2011 | 12.8 | -101.19% |
| 2010 | < -1000 | -3364% |
| 2009 | 33.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fortinet FTNT | 44.1 | 9.61% | 🇺🇸 USA |
 Verint Systems
VRNT | -304 | -854.68% | 🇺🇸 USA |
 Scientific Games SGMS | 15.1 | -62.40% | 🇺🇸 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.