OpenText
OTEX
#1600
Rank
$10.39 B
Marketcap
$38.83
Share price
0.05%
Change (1 day)
3.93%
Change (1 year)

P/E ratio for OpenText (OTEX)

P/E ratio as of March 2024 (TTM): 69.3

According to OpenText's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 69.3036. At the end of 2022 the company had a P/E ratio of 24.9.

P/E ratio history for OpenText from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202224.9-5.57%
202126.4-80.85%
2020138281.36%
201936.18.59%
201833.3-33.79%
201750.2644.53%
20166.75-74.1%
201526.00.15%
201426.0-27.03%
201335.634.56%
201226.532.6%
201120.0-4.15%
201020.8-38.47%
200933.99.06%
200831.1-38.77%
200750.727.44%
200639.8-97.18%
2005> 10003066.83%
200444.649.91%
200329.750.22%
200219.8-64.53%
200155.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
38.0-45.22%๐Ÿ‡บ๐Ÿ‡ธ USA
45.2-34.73%๐Ÿ‡บ๐Ÿ‡ธ USA
37.1-46.53%๐Ÿ‡ฉ๐Ÿ‡ช Germany
25.0-63.87%๐Ÿ‡บ๐Ÿ‡ธ USA
64.1-7.48%๐Ÿ‡บ๐Ÿ‡ธ USA
12.9-81.41%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.