P/E ratio for Insteel Industries (IIIN)
P/E ratio as of June 2023 (TTM): 7.93
According to Insteel Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.92574. At the end of 2021 the company had a P/E ratio of 9.46.
P/E ratio history for Insteel Industries from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.46 | -41.4% |
| 2020 | 16.1 | -92.49% |
| 2019 | 215 | 1386.95% |
| 2018 | 14.5 | -29.58% |
| 2017 | 20.5 | 6.52% |
| 2016 | 19.3 | 20.64% |
| 2015 | 16.0 | -32.95% |
| 2014 | 23.8 | -29.79% |
| 2013 | 33.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 5.36 | -32.40% | 🇺🇸 USA |
 Nucor
NUE | 5.74 | -27.54% | 🇺🇸 USA |
 Omega Flex OFLX | 48.9 | 516.76% | 🇺🇸 USA |
 Northwest Pipe Company
NWPX | 9.83 | 24.08% | 🇺🇸 USA |
 Valmont Industries
VMI | 22.8 | 187.21% | 🇺🇸 USA |
 Aspen Aerogels ASPN | -4.11 | -151.89% | 🇺🇸 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.