P/E ratio for Patrick Industries (PATK)
P/E ratio as of September 2023 (TTM): 9.63
According to Patrick Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.62944. At the end of 2021 the company had a P/E ratio of 8.18.
P/E ratio history for Patrick Industries from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 8.18 | -48.81% |
| 2020 | 16.0 | 18.18% |
| 2019 | 13.5 | 128.18% |
| 2018 | 5.92 | -69.81% |
| 2017 | 19.6 | -6.92% |
| 2016 | 21.1 | 33.73% |
| 2015 | 15.8 | 3.21% |
| 2014 | 15.3 | 17.71% |
| 2013 | 13.0 | 121.78% |
| 2012 | 5.85 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fortune Brands Home & Security
FBHS | 11.2 | 15.86% | 🇺🇸 USA |
 Masco MAS | 14.9 | 54.85% | 🇺🇸 USA |
 Winnebago Industries WGO | 7.16 | -25.63% | 🇺🇸 USA |
 American Woodmark
AMWD | 10.8 | 12.54% | 🇺🇸 USA |
 Thor Industries
THO | 8.87 | -7.91% | 🇺🇸 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.