Oracle Corporation is an American software and hardware manufacturer with its headquarters in Redwood City (Silicon Valley), California. The company specializes in the development and marketing of computer hardware and software for corporate customers - especially the Oracle Database system. Oracle is one of the world's largest software manufacturers in terms of sales. Oracle employs more than 138,000 people and has 430,000 customers in 175 countries. In addition to the database product Oracle Database, Oracle produces and sells the Oracle Fusion middleware as well as the JEE servers Oracle Application Server and Oracle WebLogic.
With sales of $ 39.5 billion and a profit of $3.7 billion, Oracle ranks 107th among the world's largest companies according to Forbes Global 2000 (as of fiscal year 2017). The company had a market cap of approximately $191 billion in mid-2018.
P/E ratio for Oracle (ORCL)
P/E ratio as of April 2024 (TTM): 33.2
According to Oracle's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.1671. At the end of 2022 the company had a P/E ratio of 24.8.
P/E ratio history for Oracle from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.8 | 1.4% |
| 2021 | 24.4 | 27.26% |
| 2020 | 19.2 | 17.03% |
| 2019 | 16.4 | -61.13% |
| 2018 | 42.2 | 114.19% |
| 2017 | 19.7 | 9.13% |
| 2016 | 18.1 | 4.76% |
| 2015 | 17.2 | -6.51% |
| 2014 | 18.4 | 14.65% |
| 2013 | 16.1 | 3.73% |
| 2012 | 15.5 | 11.17% |
| 2011 | 13.9 | -39.87% |
| 2010 | 23.2 | 8.7% |
| 2009 | 21.3 | 34.74% |
| 2008 | 15.8 | -34.8% |
| 2007 | 24.3 | 1.99% |
| 2006 | 23.8 | 9.18% |
| 2005 | 21.8 | -9.42% |
| 2004 | 24.1 | -12.67% |
| 2003 | 27.6 | -5.57% |
| 2002 | 29.2 | -4.89% |
| 2001 | 30.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 36.7 | 10.71% | 🇺🇸 USA |
 Intel INTC | -85.7 | -358.39% | 🇺🇸 USA |
 Adobe ADBE | 42.4 | 27.88% | 🇺🇸 USA |
 SAP SAP | 35.3 | 6.57% | 🇩🇪 Germany |
 Citrix Systems
CTXS | 39.4 | 18.93% | 🇺🇸 USA |
 HP HPQ | 11.8 | -64.32% | 🇺🇸 USA |
 Intuit INTU | 74.2 | 123.78% | 🇺🇸 USA |
 QUALCOMM QCOM | 24.9 | -24.81% | 🇺🇸 USA |
 Salesforce CRM | 172 | 418.14% | 🇺🇸 USA |
 Vmware VMW | 42.7 | 28.62% | 🇺🇸 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.