P/E ratio for Concentrix (CNXC)
P/E ratio as of May 2024 (TTM): 9.63
According to Concentrix's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.625. At the end of 2022 the company had a P/E ratio of 16.0.
P/E ratio history for Concentrix from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.0 | -30.46% |
| 2021 | 23.0 | -25.85% |
| 2020 | 31.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alliance Resource Partners ARLP | 4.09 | -57.51% | 🇺🇸 USA |
 California Resources Corporation
CRC | 7.66 | -20.42% | 🇺🇸 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.