Patrick Industries
PATK
#3678
Rank
$2.67 B
Marketcap
$119.47
Share price
1.31%
Change (1 day)
77.86%
Change (1 year)

P/E ratio for Patrick Industries (PATK)

P/E ratio as of March 2024 (TTM): 16.9

According to Patrick Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.9221. At the end of 2022 the company had a P/E ratio of 4.11.

P/E ratio history for Patrick Industries from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.11-49.75%
20218.18-48.81%
202016.018.18%
201913.5128.18%
20185.92-69.81%
201719.6-6.92%
201621.133.73%
201515.83.21%
201415.317.71%
201313.0121.78%
20125.8522.7%
20114.77-67.38%
201014.6-394.71%
2009-4.966819.61%
2008-0.0717-99.24%
2007-9.40-140.59%
200623.1-34.42%
200535.3-54.74%
200478.0-111.12%
2003-701-315.44%
2002325-5968.1%
2001-5.55

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.2-34.07%๐Ÿ‡บ๐Ÿ‡ธ USA
21.3 25.97%๐Ÿ‡บ๐Ÿ‡ธ USA
8.89-47.44%๐Ÿ‡บ๐Ÿ‡ธ USA
15.1-10.76%๐Ÿ‡บ๐Ÿ‡ธ USA
11.2-33.83%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.