P/E ratio for Lindsay Corporation (LNN)
P/E ratio as of June 2023 (TTM): 17.7
According to Lindsay Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.6755. At the end of 2021 the company had a P/E ratio of 38.3.
P/E ratio history for Lindsay Corporation from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 38.3 | 2.53% |
| 2020 | 37.3 | -66.54% |
| 2019 | 112 | 95.98% |
| 2018 | 57.0 | 54.33% |
| 2017 | 36.9 | -33.72% |
| 2016 | 55.7 | 69.19% |
| 2015 | 32.9 | 47% |
| 2014 | 22.4 | 39.05% |
| 2013 | 16.1 | -12.99% |
| 2012 | 18.5 | -4.94% |
| 2011 | 19.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Deere & Company DE | 14.1 | -20.32% | 🇺🇸 USA |
 The Toro Company
TTC | 22.8 | 29.00% | 🇺🇸 USA |
 Alamo Group ALG | 18.7 | 5.74% | 🇺🇸 USA |
 AGCO AGCO | 9.45 | -46.51% | 🇺🇸 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.