P/E ratio for Kadant (KAI)
P/E ratio as of May 2024 (TTM): 29.0
According to Kadant's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.011. At the end of 2022 the company had a P/E ratio of 17.1.
P/E ratio history for Kadant from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.1 | -46.17% |
| 2021 | 31.8 | 8.46% |
| 2020 | 29.3 | 29.1% |
| 2019 | 22.7 | 51.61% |
| 2018 | 15.0 | -57.64% |
| 2017 | 35.4 | 70.41% |
| 2016 | 20.7 | 61.43% |
| 2015 | 12.9 | -21.43% |
| 2014 | 16.4 | -15.23% |
| 2013 | 19.3 | 102.34% |
| 2012 | 9.54 | 16.41% |
| 2011 | 8.19 | -48.21% |
| 2010 | 15.8 | -147.58% |
| 2009 | -33.3 | 311.93% |
| 2008 | -8.07 | -143.8% |
| 2007 | 18.4 | -7.03% |
| 2006 | 19.8 | -45.36% |
| 2005 | 36.3 | -92.92% |
| 2004 | 513 | 1983.14% |
| 2003 | 24.6 | -442.79% |
| 2002 | -7.18 | -140.09% |
| 2001 | 17.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Illinois Tool Works ITW | 24.1 | -16.80% | 🇺🇸 USA |
 Jakks Pacific
JAKK | 2.57 | -91.13% | 🇺🇸 USA |
 Columbus McKinnon CMCO | 25.1 | -13.65% | 🇺🇸 USA |
 Albany International
AIN | 33.5 | 15.38% | 🇺🇸 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.