P/E ratio for NETSCOUT (NTCT)
P/E ratio as of April 2024 (TTM): 21.6
According to NETSCOUT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.6196. At the end of 2022 the company had a P/E ratio of 42.2.
P/E ratio history for NETSCOUT from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 42.2 | -1.72% |
| 2021 | 43.0 | -68.66% |
| 2020 | 137 | -25.95% |
| 2019 | 185 | -860.05% |
| 2018 | -24.4 | -177.6% |
| 2017 | 31.4 | -92.03% |
| 2016 | 394 | 361.73% |
| 2015 | 85.3 | 222.07% |
| 2014 | 26.5 | 2.01% |
| 2013 | 26.0 | -6.12% |
| 2012 | 27.6 | 14.68% |
| 2011 | 24.1 | -16.18% |
| 2010 | 28.8 | 29.84% |
| 2009 | 22.2 | -40.9% |
| 2008 | 37.5 | -55.98% |
| 2007 | 85.1 | 135.91% |
| 2006 | 36.1 | -0.68% |
| 2005 | 36.3 | -68.77% |
| 2004 | 116 | -130.61% |
| 2003 | -380 | 1035.63% |
| 2002 | -33.5 | 77.67% |
| 2001 | -18.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 IBM IBM | 21.9 | 1.49% | 🇺🇸 USA |
 F5 Networks FFIV | 27.6 | 27.61% | 🇺🇸 USA |
 HP HPQ | 12.0 | -44.64% | 🇺🇸 USA |
 Jack Henry & Associates
JKHY | 32.8 | 51.78% | 🇺🇸 USA |
 Danaher DHR | 30.7 | 42.14% | 🇺🇸 USA |
 SolarWinds
SWI | -103 | -574.42% | 🇺🇸 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.