P/E ratio for IPG Photonics (IPGP)
P/E ratio as of April 2024 (TTM): 48.3
According to IPG Photonics's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 48.306. At the end of 2022 the company had a P/E ratio of 47.6.
P/E ratio history for IPG Photonics from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 47.6 | 43.98% |
| 2021 | 33.0 | -55.71% |
| 2020 | 74.6 | 75.01% |
| 2019 | 42.6 | 184.06% |
| 2018 | 15.0 | -54.45% |
| 2017 | 32.9 | 63.86% |
| 2016 | 20.1 | 3.5% |
| 2015 | 19.4 | -0.18% |
| 2014 | 19.5 | -24.28% |
| 2013 | 25.7 | 11.05% |
| 2012 | 23.1 | 69.45% |
| 2011 | 13.7 | -50.33% |
| 2010 | 27.5 | -80.28% |
| 2009 | 139 | 756.81% |
| 2008 | 16.3 | -43.83% |
| 2007 | 29.0 | -70.43% |
| 2006 | 98.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northrop Grumman NOC | 15.7 | -67.44% | 🇺🇸 USA |
 LightPath Technologies LPTH | -10.8 | -122.29% | 🇺🇸 USA |
 II-VI Incorporated
IIVI | 16.8 | -65.26% | 🇺🇸 USA |
 Coherent
COHR | -18.8 | -138.90% | 🇺🇸 USA |
 Ciena CIEN | 31.3 | -35.24% | 🇺🇸 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.