P/E ratio for Trimble (TRMB)
P/E ratio as of December 2023 (TTM): 34.0
According to Trimble's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.0296. At the end of 2022 the company had a P/E ratio of 27.9.
P/E ratio history for Trimble from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 27.9 | -37.21% |
| 2021 | 44.5 | 3.93% |
| 2020 | 42.8 | 111.49% |
| 2019 | 20.2 | -30.51% |
| 2018 | 29.1 | -65.6% |
| 2017 | 84.7 | 48.83% |
| 2016 | 56.9 | 27.3% |
| 2015 | 44.7 | 39.75% |
| 2014 | 32.0 | -21.67% |
| 2013 | 40.8 | 3.8% |
| 2012 | 39.3 | 11.46% |
| 2011 | 35.3 | -24.89% |
| 2010 | 47.0 | -1.2% |
| 2009 | 47.5 | 157.43% |
| 2008 | 18.5 | -40.14% |
| 2007 | 30.9 | 14.35% |
| 2006 | 27.0 | 21.65% |
| 2005 | 22.2 | -12.05% |
| 2004 | 25.2 | -18.72% |
| 2003 | 31.0 | -13.05% |
| 2002 | 35.7 | -307.01% |
| 2001 | -17.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Autodesk ADSK | 54.2 | 59.17% | 🇺🇸 USA |
 Caterpillar CAT | 14.4 | -57.75% | 🇺🇸 USA |
 Honeywell HON | 24.2 | -28.90% | 🇺🇸 USA |
 Danaher DHR | 27.4 | -19.59% | 🇺🇸 USA |
 3M MMM | -7.62 | -122.40% | 🇺🇸 USA |
 Garmin GRMN | 22.8 | -32.92% | 🇨🇭 Switzerland |
 Motorola Solutions
MSI | 31.9 | -6.22% | 🇺🇸 USA |
 Raven Industries RAVN | N/A | N/A | 🇺🇸 USA |
 Faro Technologies
FARO | -5.84 | -117.17% | 🇺🇸 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.