nVent Electric
NVT
#1387
Rank
$12.44 B
Marketcap
$75.40
Share price
-0.01%
Change (1 day)
81.82%
Change (1 year)

P/E ratio for nVent Electric (NVT)

P/E ratio as of March 2024 (TTM): 26.6

According to nVent Electric's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.5528. At the end of 2022 the company had a P/E ratio of 16.0.

P/E ratio history for nVent Electric from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202216.0-31.67%
202123.5-128.2%
2020-83.2-522.72%
201919.738.17%
201814.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
23.9-9.93%๐Ÿ‡จ๐Ÿ‡ญ Switzerland
26.6 0.00%๐Ÿ‡ฌ๐Ÿ‡ง UK

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.