P/E ratio for Lincoln Electric (LECO)

P/E ratio history for Lincoln Electric from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Illinois Tool Works ITW	24.8	13.17%	🇺🇸 USA
Colfax Corporation CFX	27.1	23.72%	🇺🇸 USA
Kennametal KMT	16.1	-26.50%	🇺🇸 USA
Hurco Companies HURC	36.7	67.36%	🇺🇸 USA
Stanley Black & Decker SWK	-201	-1,018.86%	🇺🇸 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.