P/E ratio for Strattec Security (STRT)
P/E ratio as of July 2024 (TTM): 24.4
According to Strattec Security's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.4. At the end of 2023 the company had a P/E ratio of 507.
P/E ratio history for Strattec Security from 2001 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 507 | 1059.1% |
| 2022 | 43.7 | 237.79% |
| 2021 | 12.9 | -47.29% |
| 2020 | 24.6 | -52.46% |
| 2019 | 51.7 | -668.52% |
| 2018 | -9.09 | -161.12% |
| 2017 | 14.9 | -54.64% |
| 2016 | 32.8 | 98.94% |
| 2015 | 16.5 | 37.61% |
| 2014 | 12.0 | -11.59% |
| 2013 | 13.5 | 73.6% |
| 2012 | 7.80 |
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.