P/E ratio for National Instruments (NATI)
P/E ratio as of September 2023 (TTM): 43.5
According to National Instruments 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 43.4891. At the end of 2021 the company had a P/E ratio of 65.2.
P/E ratio history for National Instruments from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 65.2 | 63.17% |
| 2020 | 39.9 | 16.99% |
| 2019 | 34.1 | -10.46% |
| 2018 | 38.1 | -63.36% |
| 2017 | 104 | 116.12% |
| 2016 | 48.2 | 24.21% |
| 2015 | 38.8 | 23.46% |
| 2014 | 31.4 | -36.25% |
| 2013 | 49.3 | 41.24% |
| 2012 | 34.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Agilent Technologies A | 28.9 | -33.66% | 🇺🇸 USA |
 Ametek AME | 27.7 | -36.38% | 🇺🇸 USA |
 Ansys ANSS | 48.9 | 12.43% | 🇺🇸 USA |
 Synopsys SNPS | 65.9 | 51.50% | 🇺🇸 USA |
 Danaher DHR | 28.7 | -33.99% | 🇺🇸 USA |
 Teradyne TER | 26.8 | -38.38% | 🇺🇸 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.