P/E ratio for The Toro Company (TTC)
P/E ratio as of October 2023 (TTM): 23.0
According to The Toro Company 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.0194. At the end of 2021 the company had a P/E ratio of 26.2.
P/E ratio history for The Toro Company from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 26.2 | -15.12% |
| 2020 | 30.9 | -0.35% |
| 2019 | 31.0 | 42.02% |
| 2018 | 21.8 | -17.68% |
| 2017 | 26.5 | -0.24% |
| 2016 | 26.6 | 31.68% |
| 2015 | 20.2 | -2.89% |
| 2014 | 20.8 | -12.42% |
| 2013 | 23.7 | 19.82% |
| 2012 | 19.8 | 22.44% |
| 2011 | 16.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Deere & Company DE | 11.1 | -51.77% | 🇺🇸 USA |
 Lindsay Corporation
LNN | 18.2 | -20.86% | 🇺🇸 USA |
 Douglas Dynamics
PLOW | 20.1 | -12.60% | 🇺🇸 USA |
 Alamo Group ALG | 16.5 | -28.35% | 🇺🇸 USA |
 AGCO AGCO | 7.95 | -65.47% | 🇺🇸 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.