P/E ratio for Owens Corning (OC)
P/E ratio as of April 2024 (TTM): 12.3
According to Owens Corning 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.2816. At the end of 2022 the company had a P/E ratio of 6.67.
P/E ratio history for Owens Corning from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.67 | -29.13% |
| 2021 | 9.42 | -143.63% |
| 2020 | -21.6 | -222.97% |
| 2019 | 17.6 | 97.16% |
| 2018 | 8.90 | -75.02% |
| 2017 | 35.6 | 137.76% |
| 2016 | 15.0 | -10.13% |
| 2015 | 16.7 | -10.58% |
| 2014 | 18.7 | -20.76% |
| 2013 | 23.5 | -110.18% |
| 2012 | -231 | -1919.23% |
| 2011 | 12.7 | 201.48% |
| 2010 | 4.22 | -91.62% |
| 2009 | 50.3 | -1968.58% |
| 2008 | -2.69 | -109.98% |
| 2007 | 27.0 | 209.36% |
| 2006 | 8.71 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Corning GLW | 44.8 | 264.75% | 🇺🇸 USA |
 Dow DOW | 30.7 | 149.98% | 🇺🇸 USA |
 Masco MAS | 19.5 | 58.91% | 🇺🇸 USA |
 PPG Industries
PPG | 22.5 | 83.05% | 🇺🇸 USA |
 Patrick Industries PATK | 14.5 | 18.37% | 🇺🇸 USA |
 Louisiana-Pacific
LPX | 47.1 | 283.27% | 🇺🇸 USA |
 Aspen Aerogels ASPN | -17.4 | -241.96% | 🇺🇸 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.