P/E ratio for Spirax-Sarco Engineering (SPX.L)
P/E ratio at the end of 2022: 36.4
According to Spirax-Sarco Engineering's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2022 the company had a P/E ratio of 36.4.
P/E ratio history for Spirax-Sarco Engineering from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 36.4 | -23.7% |
| 2021 | 47.8 | 5.39% |
| 2020 | 45.3 | 17.4% |
| 2019 | 38.6 | 89.93% |
| 2018 | 20.3 | -17.44% |
| 2017 | 24.6 | -5.55% |
| 2016 | 26.1 | 20.04% |
| 2015 | 21.7 | 23.32% |
| 2014 | 17.6 | 2.26% |
| 2013 | 17.2 | 9.06% |
| 2012 | 15.8 | 23.61% |
| 2011 | 12.8 | -9.6% |
| 2010 | 14.1 | 2.17% |
| 2009 | 13.8 | 34.93% |
| 2008 | 10.2 | 16.54% |
| 2007 | 8.79 | -21.48% |
| 2006 | 11.2 | -14.06% |
| 2005 | 13.0 | 31.8% |
| 2004 | 9.89 | -0.66% |
| 2003 | 9.95 | -16.62% |
| 2002 | 11.9 | 10.11% |
| 2001 | 10.8 |
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.