Gates Industrial Corp
GTES
#2562
Rank
โ‚น472.77 B
Marketcap
โ‚น1,856
Share price
2.81%
Change (1 day)
83.44%
Change (1 year)

P/E ratio for Gates Industrial Corp (GTES)

P/E ratio as of November 2024 (TTM): 27.4

According to Gates Industrial Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.4125. At the end of 2022 the company had a P/E ratio of 14.6.

P/E ratio history for Gates Industrial Corp from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202214.6-7.14%
202115.8-67.9%
202049.1748.86%
20195.78-62.45%
201815.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
15.1-44.75%๐Ÿ‡บ๐Ÿ‡ธ USA
12.6-54.11%๐Ÿ‡บ๐Ÿ‡ธ USA
27.4 0.00%๐Ÿ‡บ๐Ÿ‡ธ USA
238 769.62%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.