P/E ratio for Ituran (ITRN)
P/E ratio as of April 2024 (TTM): 11.7
According to Ituran's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7465. At the end of 2022 the company had a P/E ratio of 11.6.
P/E ratio history for Ituran from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.6 | -28.17% |
| 2021 | 16.2 | -32.97% |
| 2020 | 24.1 | -69.29% |
| 2019 | 78.5 | 649.55% |
| 2018 | 10.5 | -35.97% |
| 2017 | 16.4 | -5.52% |
| 2016 | 17.3 | 8.88% |
| 2015 | 15.9 | 3.93% |
| 2014 | 15.3 | -20.08% |
| 2013 | 19.2 | 66.53% |
| 2012 | 11.5 | -14.97% |
| 2011 | 13.5 | -67.52% |
| 2010 | 41.6 | 185.85% |
| 2009 | 14.6 | 39.5% |
| 2008 | 10.4 | 109.42% |
| 2007 | 4.99 | -72.5% |
| 2006 | 18.1 | -19.28% |
| 2005 | 22.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Trimble TRMB | 42.9 | 264.87% | 🇺🇸 USA |
 RigNet RNET | N/A | N/A | 🇺🇸 USA |
 NAPCO Security Technologies NSSC | 44.1 | 275.81% | 🇺🇸 USA |
 ADT ADT | 77.3 | 557.64% | 🇺🇸 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.