P/E ratio for Ingersoll Rand (IR)
P/E ratio as of April 2024 (TTM): 49.4
According to Ingersoll Rand's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 49.3704. At the end of 2022 the company had a P/E ratio of 35.1.
P/E ratio history for Ingersoll Rand from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 35.1 | -22.35% |
| 2021 | 45.2 | -112.89% |
| 2020 | -350 | -845.26% |
| 2019 | 47.0 | 208.14% |
| 2018 | 15.3 | -100.78% |
| 2017 | < -1000 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 24.6 | -50.14% | 🇺🇸 USA |
 Illinois Tool Works ITW | 24.0 | -51.31% | 🇺🇸 USA |
 Johnson Controls
JCI | 21.6 | -56.21% | 🇮🇪 Ireland |
 Parker-Hannifin
PH | 30.0 | -39.14% | 🇺🇸 USA |
 Flowserve
FLS | 25.1 | -49.12% | 🇺🇸 USA |
 Aaon AAON | 49.0 | -0.76% | 🇺🇸 USA |
 Lennox LII | 31.8 | -35.58% | 🇺🇸 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.