Skechers
SKX
#2125
Rank
$5.31 B
Marketcap
$34.10
Share price
-2.24%
Change (1 day)
-18.07%
Change (1 year)
Categories

P/E ratio for Skechers (SKX)

P/E ratio as of October 2022 (TTM): 7.43

According to Skechers 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.43478. At the end of 2021 the company had a P/E ratio of 9.12.

P/E ratio history for Skechers from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20219.12-83.76%
202056.2193.85%
201919.161.13%
201811.9-63.96%
201732.9110.17%
201615.7-21.23%
201519.9-1.43%
201420.2-34.27%
201330.7-68.49%
201297.4-1216.67%
2011-8.72

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.