P/E ratio for Tennant Company (TNC)
P/E ratio as of April 2024 (TTM): 20.9
According to Tennant Company 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.8718. At the end of 2022 the company had a P/E ratio of 17.2.
P/E ratio history for Tennant Company from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.2 | -25.72% |
| 2021 | 23.1 | -39.46% |
| 2020 | 38.1 | 23.82% |
| 2019 | 30.8 | 9.93% |
| 2018 | 28.0 | -113.5% |
| 2017 | -208 | -878.39% |
| 2016 | 26.7 | -16.1% |
| 2015 | 31.8 | 22.44% |
| 2014 | 26.0 | -15.78% |
| 2013 | 30.8 | 57.09% |
| 2012 | 19.6 | -12.17% |
| 2011 | 22.3 | 7.6% |
| 2010 | 20.8 | -215.74% |
| 2009 | -17.9 | -167.56% |
| 2008 | 26.6 | 28.29% |
| 2007 | 20.7 | -11.15% |
| 2006 | 23.3 | -18.92% |
| 2005 | 28.7 | 7.23% |
| 2004 | 26.8 | -2.24% |
| 2003 | 27.4 | -42.76% |
| 2002 | 47.9 | -56.01% |
| 2001 | 109 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Middleby MIDD | 16.7 | -19.91% | 🇺🇸 USA |
 Standex SXI | 14.7 | -29.66% | 🇺🇸 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.