P/E ratio for National Instruments (NATI)
P/E ratio as of April 2024 (TTM): 43.8
According to National Instruments 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 43.781. At the end of 2022 the company had a P/E ratio of 34.8.
P/E ratio history for National Instruments from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 34.8 | -46.59% |
| 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 | 7.52% |
| 2011 | 32.4 | 20.65% |
| 2010 | 26.9 | -79.92% |
| 2009 | 134 | 493.48% |
| 2008 | 22.6 | -8.64% |
| 2007 | 24.7 | -18.43% |
| 2006 | 30.3 | -27.28% |
| 2005 | 41.6 | -5.3% |
| 2004 | 44.0 | -38.62% |
| 2003 | 71.6 | 32.32% |
| 2002 | 54.1 | 5.46% |
| 2001 | 51.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Agilent Technologies A | 35.9 | -18.01% | 🇺🇸 USA |
 Ametek AME | 32.1 | -26.79% | 🇺🇸 USA |
 Ansys ANSS | 59.1 | 34.98% | 🇺🇸 USA |
 Synopsys SNPS | 77.8 | 77.71% | 🇺🇸 USA |
 Danaher DHR | 31.2 | -28.68% | 🇺🇸 USA |
 Teradyne TER | 30.9 | -29.45% | 🇺🇸 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.