TE Connectivity
TEL
#416
Rank
$45.31 B
Marketcap
$147.99
Share price
-1.60%
Change (1 day)
20.53%
Change (1 year)

P/E ratio for TE Connectivity (TEL)

P/E ratio as of May 2024 (TTM): 24.4

According to TE Connectivity 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.4208. At the end of 2022 the company had a P/E ratio of 16.3.

P/E ratio history for TE Connectivity from 2007 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202216.3-24.7%
202121.7-93.55%
20203361563.28%
201920.2121.9%
20189.11-66.54%
201727.2126.8%
201612.06.86%
201511.2-17.39%
201413.6-19.29%
201316.920.32%
201214.029.57%
201110.8-18.77%
201013.3-460.49%
2009-3.69-138.26%
20089.65-93.76%
2007155

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
51.5 110.97%๐Ÿ‡บ๐Ÿ‡ธ USA
-7.31-129.95%๐Ÿ‡บ๐Ÿ‡ธ USA
41.3 69.23%๐Ÿ‡บ๐Ÿ‡ธ USA
20.4-16.51%๐Ÿ‡บ๐Ÿ‡ธ USA
-0.2097-100.86%๐Ÿ‡บ๐Ÿ‡ธ 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.