According to Union Tool's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.0016. At the end of 2023 the company had a P/E ratio of 18.7.
Year | P/E ratio | Change |
---|---|---|
2023 | 18.7 | 67.85% |
2022 | 11.2 | -38.21% |
2021 | 18.1 | -14.14% |
2020 | 21.1 | -14.57% |
2019 | 24.6 | 57.49% |
2018 | 15.6 | -41.91% |
2017 | 26.9 | 9.16% |
2016 | 24.7 | |
2014 | 21.5 | -16.89% |
2013 | 25.9 | -43.88% |
2012 | 46.1 | 130.9% |
2011 | 20.0 | -17.05% |
2010 | 24.1 | -92.28% |
2009 | 312 | 3185.1% |
2008 | 9.49 | -34.48% |
2007 | 14.5 | -32.52% |
2006 | 21.5 | -15.19% |
2005 | 25.3 |
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.