P/E ratio for Tootsie Roll Industries (TR)
P/E ratio as of May 2024 (TTM): 23.4
According to Tootsie Roll Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.4466. At the end of 2022 the company had a P/E ratio of 38.3.
P/E ratio history for Tootsie Roll Industries from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 38.3 | 2.66% |
| 2021 | 37.4 | 12.27% |
| 2020 | 33.3 | -6.43% |
| 2019 | 35.6 | -10.58% |
| 2018 | 39.8 | 32.18% |
| 2017 | 30.1 | -22.81% |
| 2016 | 39.0 | 24.63% |
| 2015 | 31.3 | 1% |
| 2014 | 31.0 | -8.66% |
| 2013 | 33.9 | 8.58% |
| 2012 | 31.2 | -6.56% |
| 2011 | 33.4 | -4.34% |
| 2010 | 34.9 | 5.4% |
| 2009 | 33.1 | -21.51% |
| 2008 | 42.2 | 23.12% |
| 2007 | 34.3 | 10.26% |
| 2006 | 31.1 | 33.81% |
| 2005 | 23.2 | -28.66% |
| 2004 | 32.6 | -1.94% |
| 2003 | 33.2 | 21.47% |
| 2002 | 27.4 | -21.04% |
| 2001 | 34.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 The Hershey Company HSY | 20.9 | -10.70% | 🇺🇸 USA |
 Mondelez MDLZ | 21.0 | -10.60% | 🇺🇸 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.