P/E ratio for Photronics (PLAB)
P/E ratio as of September 2023 (TTM): 9.88
According to Photronics's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.87565. At the end of 2021 the company had a P/E ratio of 20.7.
P/E ratio history for Photronics from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 20.7 | -1.63% |
| 2020 | 21.1 | -38.54% |
| 2019 | 34.3 | 115.9% |
| 2018 | 15.9 | -62.79% |
| 2017 | 42.7 | 160.43% |
| 2016 | 16.4 | -11.87% |
| 2015 | 18.6 | -6.08% |
| 2014 | 19.8 | -34.27% |
| 2013 | 30.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Micron Technology MU | -25.5 | -358.61% | 🇺🇸 USA |
 ASML ASML | 28.8 | 191.90% | 🇳🇱 Netherlands |
 AXT Inc
AXTI | -77.2 | -881.38% | 🇺🇸 USA |
 Axcelis Technologies
ACLS | 24.6 | 149.59% | 🇺🇸 USA |
 United Microelectronics UMC | 6.50 | -34.15% | 🇹🇼 Taiwan |
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.