P/E ratio for OpenText (OTEX)
P/E ratio as of June 2024 (TTM): 51.5
According to OpenText's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 51.5. At the end of 2022 the company had a P/E ratio of 24.9.
P/E ratio history for OpenText from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.9 | -5.57% |
| 2021 | 26.4 | -80.85% |
| 2020 | 138 | 281.36% |
| 2019 | 36.1 | 8.59% |
| 2018 | 33.3 | -33.79% |
| 2017 | 50.2 | 644.53% |
| 2016 | 6.75 | -74.1% |
| 2015 | 26.0 | 0.15% |
| 2014 | 26.0 | -27.03% |
| 2013 | 35.6 | 34.56% |
| 2012 | 26.5 | 32.6% |
| 2011 | 20.0 | -4.15% |
| 2010 | 20.8 | -38.47% |
| 2009 | 33.9 | 9.06% |
| 2008 | 31.1 | -38.77% |
| 2007 | 50.7 | 27.44% |
| 2006 | 39.8 | -97.18% |
| 2005 | > 1000 | 3066.83% |
| 2004 | 44.6 | 49.91% |
| 2003 | 29.7 | 50.22% |
| 2002 | 19.8 | -64.53% |
| 2001 | 55.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 35.8 | -30.53% | 🇺🇸 USA |
 Adobe ADBE | 40.0 | -22.35% | 🇺🇸 USA |
 SAP SAP | 33.9 | -34.20% | 🇩🇪 Germany |
 IBM IBM | 21.7 | -57.79% | 🇺🇸 USA |
 Autodesk ADSK | 49.1 | -4.62% | 🇺🇸 USA |
 HP HPQ | 16.4 | -68.14% | 🇺🇸 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.