Lindsay Corporation
LNN
#4721
Rank
$1.31 B
Marketcap
$119.30
Share price
-2.99%
Change (1 day)
-21.41%
Change (1 year)

P/E ratio for Lindsay Corporation (LNN)

P/E ratio as of February 2024 (TTM): 18.5

According to Lindsay Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.4675. At the end of 2022 the company had a P/E ratio of 23.6.

P/E ratio history for Lindsay Corporation from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202223.6-38.36%
202138.32.53%
202037.3-66.54%
201911295.98%
201857.054.33%
201736.9-33.72%
201655.769.19%
201532.947%
201422.439.05%
201316.1-12.99%
201218.5-4.94%
201119.5-41.05%
201033.0-5.55%
200935.0279.36%
20089.21-79.67%
200745.355.44%
200629.2-31.79%
200542.717.24%
200436.532.81%
200327.415.43%
200223.8-31.19%
200134.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
10.5-43.16%๐Ÿ‡บ๐Ÿ‡ธ USA
25.8 39.62%๐Ÿ‡บ๐Ÿ‡ธ USA
20.5 10.74%๐Ÿ‡บ๐Ÿ‡ธ USA
6.94-62.44%๐Ÿ‡บ๐Ÿ‡ธ 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.