P/E ratio for Quest Diagnostics (DGX)
P/E ratio as of October 2022 (TTM): 10.3
According to Quest Diagnostics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.2738. At the end of 2021 the company had a P/E ratio of 10.9.
P/E ratio history for Quest Diagnostics from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 10.9 | -3.03% |
| 2020 | 11.2 | -33.04% |
| 2019 | 16.8 | 8.69% |
| 2018 | 15.4 | -11.69% |
| 2017 | 17.5 | -13.01% |
| 2016 | 20.1 | 39.08% |
| 2015 | 14.5 | -17.42% |
| 2014 | 17.5 | 83.14% |
| 2013 | 9.56 | -42.74% |
| 2012 | 16.7 |
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.