P/E ratio for Preformed Line Products (PLPC)
P/E ratio as of April 2024 (TTM): 8.08
According to Preformed Line Products's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.08188. At the end of 2022 the company had a P/E ratio of 7.55.
P/E ratio history for Preformed Line Products from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.55 | -14.92% |
| 2021 | 8.88 | -21.93% |
| 2020 | 11.4 | -12.78% |
| 2019 | 13.0 | 27.1% |
| 2018 | 10.3 | -64.2% |
| 2017 | 28.6 | 45.91% |
| 2016 | 19.6 | -41.7% |
| 2015 | 33.7 | 47.35% |
| 2014 | 22.9 | 19.98% |
| 2013 | 19.1 | 76.35% |
| 2012 | 10.8 | 6.66% |
| 2011 | 10.1 | -23.51% |
| 2010 | 13.2 | 35.14% |
| 2009 | 9.80 | -28.7% |
| 2008 | 13.7 | -42.94% |
| 2007 | 24.1 | 47.58% |
| 2006 | 16.3 | -19.91% |
| 2005 | 20.4 | 60.31% |
| 2004 | 12.7 | -68.68% |
| 2003 | 40.6 | -148.68% |
| 2002 | -83.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Corning GLW | 44.8 | 454.29% | 🇺🇸 USA |
 Amphenol APH | 34.4 | 326.07% | 🇺🇸 USA |
 Clearfield CLFD | 8.76 | 8.33% | 🇺🇸 USA |
 Belden BDC | 13.0 | 61.31% | 🇺🇸 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.