P/E ratio for Globant (GLOB)
P/E ratio as of June 2024 (TTM): 45.6
According to Globant's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 45.5625. At the end of 2022 the company had a P/E ratio of 47.2.
P/E ratio history for Globant from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 47.2 | -64.96% |
| 2021 | 135 | -12.65% |
| 2020 | 154 | 113.93% |
| 2019 | 72.1 | 84.46% |
| 2018 | 39.1 | -24.24% |
| 2017 | 51.6 | 65.62% |
| 2016 | 31.2 | -23.55% |
| 2015 | 40.8 | 98.29% |
| 2014 | 20.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Workiva
WK | -29.9 | -165.68% | 🇺🇸 USA |
 SPS Commerce
SPSC | 110 | 140.47% | 🇺🇸 USA |
 Qualys QLYS | 43.3 | -4.92% | 🇺🇸 USA |
 Castlight Health
CSLT | N/A | N/A | 🇺🇸 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.