Omega Flex
OFLX
#5560
Rank
$0.70 B
Marketcap
$69.41
Share price
-0.34%
Change (1 day)
-41.68%
Change (1 year)

P/E ratio for Omega Flex (OFLX)

P/E ratio as of March 2024 (TTM): 30.5

According to Omega Flex's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.5482. 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
202239.9-18.32%
202148.8-34.12%
202074.117.43%
201963.1132.28%
201827.2-41.02%
201746.117.33%
201639.385.57%
201521.2-25.01%
201428.236.53%
201320.715.37%
201217.9-41.68%
201130.7-16.43%
201036.812.89%
200932.615.06%
200828.348.57%
200719.0-53.03%
200640.556.23%
200526.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
29.3-4.11%๐Ÿ‡บ๐Ÿ‡ธ USA
10.7-64.87%๐Ÿ‡บ๐Ÿ‡ธ USA
21.9-28.34%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.