P/E ratio for Bio-Rad Laboratories (BIO)
P/E ratio as of May 2024 (TTM): -46.9
According to Bio-Rad Laboratories's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -46.8986. At the end of 2022 the company had a P/E ratio of -3.47.
P/E ratio history for Bio-Rad Laboratories from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.47 | -165.53% |
| 2021 | 5.30 | 16.25% |
| 2020 | 4.56 | -27.43% |
| 2019 | 6.28 | -67.07% |
| 2018 | 19.1 | -70.6% |
| 2017 | 64.9 | -65.84% |
| 2016 | 190 | 429.94% |
| 2015 | 35.8 | -8.46% |
| 2014 | 39.1 | -13.87% |
| 2013 | 45.4 | 159.13% |
| 2012 | 17.5 | 16.5% |
| 2011 | 15.1 | -2.88% |
| 2010 | 15.5 | -15.16% |
| 2009 | 18.3 | -19.95% |
| 2008 | 22.8 | -23.36% |
| 2007 | 29.8 | 41.45% |
| 2006 | 21.1 | 0.69% |
| 2005 | 20.9 | -3.43% |
| 2004 | 21.6 | 12.62% |
| 2003 | 19.2 | 34.12% |
| 2002 | 14.3 | -18.94% |
| 2001 | 17.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Johnson & Johnson JNJ | 10.6 | -122.55% | 🇺🇸 USA |
 Thermo Fisher Scientific TMO | 37.4 | -179.74% | 🇺🇸 USA |
 Agilent Technologies A | 37.3 | -179.50% | 🇺🇸 USA |
 Becton Dickinson BDX | 42.1 | -189.74% | 🇺🇸 USA |
 General Electric GE | 19.7 | -142.11% | 🇺🇸 USA |
 Danaher DHR | 31.1 | -166.35% | 🇺🇸 USA |
 PerkinElmer
PKI | 15.0 | -131.91% | 🇺🇸 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.