P/E ratio for Seagate Technology (STX)
P/E ratio as of April 2024 (TTM): -24.2
According to Seagate Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -24.1933. At the end of 2022 the company had a P/E ratio of 18.3.
P/E ratio history for Seagate Technology from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.3 | 31.75% |
| 2021 | 13.9 | -13.37% |
| 2020 | 16.1 | 67.91% |
| 2019 | 9.57 | 45.26% |
| 2018 | 6.59 | -65.06% |
| 2017 | 18.8 | -15.07% |
| 2016 | 22.2 | 21.07% |
| 2015 | 18.3 | 70.9% |
| 2014 | 10.7 | -12.15% |
| 2013 | 12.2 | 214.65% |
| 2012 | 3.88 | -49.37% |
| 2011 | 7.66 | 26.96% |
| 2010 | 6.04 | -76.11% |
| 2009 | 25.3 | -2751.85% |
| 2008 | -0.9527 | -110.5% |
| 2007 | 9.07 | -71.92% |
| 2006 | 32.3 | 263.75% |
| 2005 | 8.88 | -63.99% |
| 2004 | 24.7 | 118% |
| 2003 | 11.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 37.0 | -253.13% | 🇺🇸 USA |
 HP HPQ | 12.1 | -149.81% | 🇺🇸 USA |
 NetApp
NTAP | 18.1 | -174.98% | 🇺🇸 USA |
 Western Digital WDC | -9.11 | -62.32% | 🇺🇸 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.