Owens Corning
OC
#1121
Rank
NZ$28.91 B
Marketcap
$337.10
Share price
1.89%
Change (1 day)
55.75%
Change (1 year)

P/E ratio for Owens Corning (OC)

P/E ratio as of November 2024 (TTM): 15.1

According to Owens Corning 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.1048. At the end of 2022 the company had a P/E ratio of 6.67.

P/E ratio history for Owens Corning from 2006 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20226.67-29.13%
20219.42-143.63%
2020-21.6-222.97%
201917.697.16%
20188.90-75.02%
201735.6137.76%
201615.0-10.13%
201516.7-10.58%
201418.7-20.76%
201323.5-110.18%
2012-231-1919.23%
201112.7201.48%
20104.22-91.62%
200950.3-1968.58%
2008-2.69-109.98%
200727.0209.36%
20068.71

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
74.8 395.41%๐Ÿ‡บ๐Ÿ‡ธ USA
20.4 34.96%๐Ÿ‡บ๐Ÿ‡ธ USA
69.0 357.00%๐Ÿ‡บ๐Ÿ‡ธ USA
18.7 23.84%๐Ÿ‡บ๐Ÿ‡ธ USA
-16.5-209.04%๐Ÿ‡บ๐Ÿ‡ธ USA
24.4 61.61%๐Ÿ‡บ๐Ÿ‡ธ USA
21.0 39.27%๐Ÿ‡บ๐Ÿ‡ธ 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.