P/E ratio for Watts Water Technologies (WTS)
P/E ratio as of March 2023 (TTM): 24.2
According to Watts Water Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.2263. At the end of 2021 the company had a P/E ratio of 39.5.
P/E ratio history for Watts Water Technologies from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 17.6 | -27.40% | 🇺🇸 USA |
 Rexnord RXN | N/A | N/A | 🇺🇸 USA |
 Mueller Water Products
MWA | 25.8 | 6.63% | 🇺🇸 USA |
 Graham Corporation
GHM | -47.4 | -295.48% | 🇺🇸 USA |
 Curtiss-Wright
CW | 25.4 | 4.78% | 🇺🇸 USA |
 CIRCOR International CIR | -42.5 | -275.60% | 🇺🇸 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.