P/E ratio for Titan Machinery (TITN)
P/E ratio as of January 2023 (TTM): 9.22
According to Titan Machinery's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.22321. At the end of 2021 the company had a P/E ratio of 17.1.
P/E ratio history for Titan Machinery from 2008 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 17.1 | -25.1% |
| 2020 | 22.9 | -23.13% |
| 2019 | 29.8 | 63.13% |
| 2018 | 18.2 | -165.51% |
| 2017 | -27.8 | 255.38% |
| 2016 | -7.83 | -0.18% |
| 2015 | -7.85 | -92.78% |
| 2014 | -109 | -808.76% |
| 2013 | 15.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 W. W. Grainger
GWW | 21.0 | 127.31% | 🇺🇸 USA |
 Tractor Supply TSCO | 24.4 | 164.06% | 🇺🇸 USA |
 Conn's
CONN | -21.4 | -331.88% | 🇺🇸 USA |
 Douglas Dynamics
PLOW | 26.0 | 182.32% | 🇺🇸 USA |
 AGCO AGCO | 12.1 | 30.68% | 🇺🇸 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.