P/E ratio for NVE Corporation (NVEC)
P/E ratio as of April 2024 (TTM): 18.0
According to NVE Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.0447. At the end of 2022 the company had a P/E ratio of 17.1.
P/E ratio history for NVE Corporation from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.1 | -28.46% |
| 2021 | 23.9 | 4.57% |
| 2020 | 22.8 | -7.56% |
| 2019 | 24.7 | -9.69% |
| 2018 | 27.4 | -14.11% |
| 2017 | 31.9 | 15.05% |
| 2016 | 27.7 | 35.03% |
| 2015 | 20.5 | -20.93% |
| 2014 | 25.9 | 7.23% |
| 2013 | 24.2 | 6.77% |
| 2012 | 22.6 | 1.97% |
| 2011 | 22.2 | 8.31% |
| 2010 | 20.5 | 22.21% |
| 2009 | 16.8 | 23.3% |
| 2008 | 13.6 | -23.1% |
| 2007 | 17.7 | -52.23% |
| 2006 | 37.0 | -8.65% |
| 2005 | 40.6 | -33.01% |
| 2004 | 60.5 | -58.69% |
| 2003 | 147 | -177.15% |
| 2002 | -190 | 1210.29% |
| 2001 | -14.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Broadcom AVGO | 37.6 | 108.52% | 🇺🇸 USA |
 Texas Instruments TXN | 20.9 | 15.88% | 🇺🇸 USA |
 Analog Devices ADI | 25.3 | 40.10% | 🇺🇸 USA |
 Maxim Integrated
MXIM | N/A | N/A | 🇺🇸 USA |
 Silicon Labs
SLAB | 61.8 | 242.72% | 🇺🇸 USA |
 Vishay Intertechnology
VSH | 7.12 | -60.53% | 🇺🇸 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.