P/E ratio for Methode Electronics (MEI)
P/E ratio as of April 2024 (TTM): 7.78
According to Methode Electronics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.78481. At the end of 2022 the company had a P/E ratio of 17.1.
P/E ratio history for Methode Electronics from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.1 | 10.1% |
| 2021 | 15.6 | 40.64% |
| 2020 | 11.1 | -20.99% |
| 2019 | 14.0 | -18.23% |
| 2018 | 17.1 | 5.06% |
| 2017 | 16.3 | -10.12% |
| 2016 | 18.1 | 43.58% |
| 2015 | 12.6 | -0.71% |
| 2014 | 12.7 | -53.86% |
| 2013 | 27.6 | 144.66% |
| 2012 | 11.3 | -33.39% |
| 2011 | 16.9 | -45.21% |
| 2010 | 30.9 | -1235.09% |
| 2009 | -2.72 | -134.71% |
| 2008 | 7.84 | -55.67% |
| 2007 | 17.7 | -26.55% |
| 2006 | 24.1 | 61.73% |
| 2005 | 14.9 | -35.15% |
| 2004 | 22.9 | 12.57% |
| 2003 | 20.4 | -66.55% |
| 2002 | 60.9 | 113.31% |
| 2001 | 28.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 3M MMM | -6.86 | -188.09% | 🇺🇸 USA |
 Amphenol APH | 34.4 | 342.33% | 🇺🇸 USA |
 TE Connectivity
TEL | 23.2 | 197.78% | 🇨🇭 Switzerland |
 Stoneridge SRI | -51.2 | -757.26% | 🇺🇸 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.