P/E ratio for Fisher & Paykel Healthcare (FPH.NZ)
P/E ratio at the end of 2023: 58.0
According to Fisher & Paykel Healthcare's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 65.3859. At the end of 2023 the company had a P/E ratio of 58.0.
P/E ratio history for Fisher & Paykel Healthcare from 2019 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 58.0 | 76.92% |
| 2022 | 32.8 | 8.35% |
| 2021 | 30.3 | -50.15% |
| 2020 | 60.7 | 61.37% |
| 2019 | 37.6 |
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.