P/E ratio for Watts Water Technologies (WTS)
P/E ratio as of April 2024 (TTM): 24.3
According to Watts Water Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.2588. At the end of 2022 the company had a P/E ratio of 19.5.
P/E ratio history for Watts Water Technologies from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.5 | -50.76% |
| 2021 | 39.5 | 9.51% |
| 2020 | 36.1 | 39.73% |
| 2019 | 25.8 | 45.78% |
| 2018 | 17.7 | -50.52% |
| 2017 | 35.8 | 34.07% |
| 2016 | 26.7 | -275.38% |
| 2015 | -15.2 | -134.1% |
| 2014 | 44.7 | 18.42% |
| 2013 | 37.7 | 66.73% |
| 2012 | 22.6 | 17.73% |
| 2011 | 19.2 | -17.53% |
| 2010 | 23.3 | -65.33% |
| 2009 | 67.2 | 244.57% |
| 2008 | 19.5 | 30.92% |
| 2007 | 14.9 | -19.54% |
| 2006 | 18.5 | 2.71% |
| 2005 | 18.0 | -19.47% |
| 2004 | 22.4 | 4.93% |
| 2003 | 21.3 | 64.02% |
| 2002 | 13.0 | -13.28% |
| 2001 | 15.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 23.3 | -3.89% | 🇺🇸 USA |
 Rexnord RXN | N/A | N/A | 🇺🇸 USA |
 Mueller Water Products
MWA | 30.9 | 27.45% | 🇺🇸 USA |
 Graham Corporation
GHM | 141 | 480.05% | 🇺🇸 USA |
 Curtiss-Wright
CW | 27.5 | 13.55% | 🇺🇸 USA |
 CIRCOR International CIR | 40.6 | 67.28% | 🇺🇸 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.