P/E ratio for Teledyne (TDY)
P/E ratio as of September 2023 (TTM): 24.9
According to Teledyne's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.8701. At the end of 2021 the company had a P/E ratio of 43.6.
P/E ratio history for Teledyne from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 43.6 | 21.36% |
| 2020 | 35.9 | 14.48% |
| 2019 | 31.4 | 40.8% |
| 2018 | 22.3 | -20.98% |
| 2017 | 28.2 | 25.09% |
| 2016 | 22.5 | 40.57% |
| 2015 | 16.0 | -8.27% |
| 2014 | 17.5 | -6.43% |
| 2013 | 18.7 | 27.72% |
| 2012 | 14.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Thermo Fisher Scientific TMO | 34.1 | 37.01% | 🇺🇸 USA |
 Lockheed Martin LMT | 14.9 | -40.13% | 🇺🇸 USA |
 Agilent Technologies A | 28.9 | 16.25% | 🇺🇸 USA |
 General Dynamics GD | 17.8 | -28.62% | 🇺🇸 USA |
 Northrop Grumman NOC | 14.1 | -43.34% | 🇺🇸 USA |
 Rockwell Automation
ROK | 22.7 | -8.76% | 🇺🇸 USA |
 PerkinElmer
PKI | 15.0 | -39.82% | 🇺🇸 USA |
 Comtech Telecommunications CMTL | -6.70 | -126.92% | 🇺🇸 USA |
 ITT ITT | 18.5 | -25.80% | 🇺🇸 USA |
 Cubic CUB | N/A | N/A | 🇺🇸 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.