P/E ratio for MasTec (MTZ)
P/E ratio as of April 2023 (TTM): 64.2
According to MasTec's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 64.2177. At the end of 2021 the company had a P/E ratio of 20.3.
P/E ratio history for MasTec from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 20.3 | 32.37% |
| 2020 | 15.4 | 24.69% |
| 2019 | 12.3 | 0.8% |
| 2018 | 12.2 | 7.07% |
| 2017 | 11.4 | -51.08% |
| 2016 | 23.3 | -232.85% |
| 2015 | -17.6 | -211.81% |
| 2014 | 15.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Quanta Services
PWR | 48.6 | -24.36% | 🇺🇸 USA |
 Primoris Services Corporation
PRIM | 9.85 | -84.66% | 🇺🇸 USA |
 MYR Group MYRG | 25.3 | -60.57% | 🇺🇸 USA |
 Fluor Corporation
FLR | 31.8 | -50.42% | 🇺🇸 USA |
 Dycom Industries DY | 23.4 | -63.57% | 🇺🇸 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.