P/E ratio for Varex Imaging (VREX)
P/E ratio as of May 2024 (TTM): 22.4
According to Varex Imaging 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.4054. At the end of 2022 the company had a P/E ratio of 25.1.
P/E ratio history for Varex Imaging from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 25.1 | -48.37% |
| 2021 | 48.5 | -565.6% |
| 2020 | -10.4 | -110.14% |
| 2019 | 103 | 121.39% |
| 2018 | 46.4 | 59.51% |
| 2017 | 29.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ViewRay VRAY | -0.0431 | -100.19% | 🇺🇸 USA |
 Varex Imaging
VREX | 22.4 | 0.00% | 🇺🇸 USA |
 Nano-X Imaging NNOX | -5.23 | -123.36% | 🇮🇱 Israel |
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.