P/E ratio for Owens Corning (OC)
P/E ratio as of September 2023 (TTM): 9.43
According to Owens Corning 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.42576. At the end of 2021 the company had a P/E ratio of 9.42.
P/E ratio history for Owens Corning from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.42 | -143.63% |
| 2020 | -21.6 | -222.97% |
| 2019 | 17.6 | 97.16% |
| 2018 | 8.90 | |
| 2016 | 15.0 | |
| 2013 | 23.5 | -110.18% |
| 2012 | -231 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Corning GLW | 40.2 | 326.07% | 🇺🇸 USA |
 Dow DOW | 20.7 | 119.49% | 🇺🇸 USA |
 Masco MAS | 14.8 | 56.82% | 🇺🇸 USA |
 PPG Industries
PPG | 22.9 | 143.22% | 🇺🇸 USA |
 Patrick Industries PATK | 9.38 | -0.49% | 🇺🇸 USA |
 Louisiana-Pacific
LPX | 18.5 | 96.75% | 🇺🇸 USA |
 Aspen Aerogels ASPN | -5.21 | -155.23% | 🇺🇸 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.