P/E ratio for Omega Flex (OFLX)
P/E ratio as of April 2024 (TTM): 29.4
According to Omega Flex's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.4035. At the end of 2022 the company had a P/E ratio of 39.9.
P/E ratio history for Omega Flex from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 39.9 | -18.32% |
| 2021 | 48.8 | -34.12% |
| 2020 | 74.1 | 17.43% |
| 2019 | 63.1 | 132.28% |
| 2018 | 27.2 | -41.02% |
| 2017 | 46.1 | 17.33% |
| 2016 | 39.3 | 85.57% |
| 2015 | 21.2 | -25.01% |
| 2014 | 28.2 | 36.53% |
| 2013 | 20.7 | 15.37% |
| 2012 | 17.9 | -41.68% |
| 2011 | 30.7 | -16.43% |
| 2010 | 36.8 | 12.89% |
| 2009 | 32.6 | 15.06% |
| 2008 | 28.3 | 48.57% |
| 2007 | 19.0 | -53.03% |
| 2006 | 40.5 | 56.23% |
| 2005 | 26.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Parker-Hannifin
PH | 29.6 | 0.57% | 🇺🇸 USA |
 Northwest Pipe Company
NWPX | 11.5 | -60.77% | 🇺🇸 USA |
 Crane Co. CR | 23.4 | -20.30% | 🇺🇸 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.