Insteel Industries
IIIN
#5626
Rank
$0.65 B
Marketcap
$33.55
Share price
1.76%
Change (1 day)
18.38%
Change (1 year)

P/E ratio for Insteel Industries (IIIN)

P/E ratio as of April 2024 (TTM): 12.6

According to Insteel Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.6322. At the end of 2022 the company had a P/E ratio of 4.76.

P/E ratio history for Insteel Industries from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.76-49.65%
20219.46-41.4%
202016.1-92.49%
20192151386.95%
201814.5-29.58%
201720.56.52%
201619.320.64%
201516.0-32.95%
201423.8-29.79%
201333.9-34.76%
201252.093.99%
201126.8-175.11%
2010-35.7177.25%
2009-12.9-320.03%
20085.85-38.16%
20079.46-19.97%
200611.84.87%
200511.3134.64%
20044.80229.91%
20031.46-76.91%
20026.31-4360.28%
2001-0.1481

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
6.75-46.57%๐Ÿ‡บ๐Ÿ‡ธ USA
9.65-23.61%๐Ÿ‡บ๐Ÿ‡ธ USA
29.3 132.11%๐Ÿ‡บ๐Ÿ‡ธ USA
11.4-10.07%๐Ÿ‡บ๐Ÿ‡ธ USA
28.7 127.43%๐Ÿ‡บ๐Ÿ‡ธ USA
-17.4-238.02%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.