P/E ratio for Ingevity (NGVT)
P/E ratio as of May 2024 (TTM): 15.9
According to Ingevity's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.9104. At the end of 2022 the company had a P/E ratio of 12.8.
P/E ratio history for Ingevity from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.8 | -47.5% |
| 2021 | 24.3 | 44.75% |
| 2020 | 16.8 | -15.83% |
| 2019 | 19.9 | -3.93% |
| 2018 | 20.8 | -11.89% |
| 2017 | 23.6 | -63.95% |
| 2016 | 65.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 PQ Group PQG | N/A | N/A | 🇺🇸 USA |
 Valhi VHI | 77.0 | 383.96% | 🇺🇸 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.