P/E ratio for Nordson (NDSN)
P/E ratio as of April 2024 (TTM): 29.7
According to Nordson's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.7466. At the end of 2022 the company had a P/E ratio of 26.7.
P/E ratio history for Nordson from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.7 | -18.16% |
| 2021 | 32.6 | -29.75% |
| 2020 | 46.4 | 67.29% |
| 2019 | 27.7 | 51.08% |
| 2018 | 18.4 | -35.66% |
| 2017 | 28.5 | 21.49% |
| 2016 | 23.5 | 27.8% |
| 2015 | 18.4 | -8.52% |
| 2014 | 20.1 | -6.7% |
| 2013 | 21.5 | 19.42% |
| 2012 | 18.0 | 43.86% |
| 2011 | 12.5 | -32.05% |
| 2010 | 18.4 | -244.15% |
| 2009 | -12.8 | -237.54% |
| 2008 | 9.31 | -56.65% |
| 2007 | 21.5 | 17.61% |
| 2006 | 18.3 | -1.32% |
| 2005 | 18.5 | -18.29% |
| 2004 | 22.6 | -18.89% |
| 2003 | 27.9 | -26.93% |
| 2002 | 38.2 | 8.48% |
| 2001 | 35.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 24.7 | -17.10% | 🇺🇸 USA |
 Illinois Tool Works ITW | 24.0 | -19.24% | 🇺🇸 USA |
 Astec Industries
ASTE | 54.5 | 83.28% | 🇺🇸 USA |
 Graco GGG | 26.6 | -10.61% | 🇺🇸 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.