P/E ratio for Flex (FLEX)
P/E ratio as of May 2024 (TTM): 16.3
According to Flex's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.2691. At the end of 2022 the company had a P/E ratio of 12.0.
P/E ratio history for Flex from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.0 | 35.03% |
| 2021 | 8.86 | -58.14% |
| 2020 | 21.2 | -106.7% |
| 2019 | -316 | -1136.47% |
| 2018 | 30.4 | 70.9% |
| 2017 | 17.8 | -33.64% |
| 2016 | 26.8 | 120.28% |
| 2015 | 12.2 | -5.18% |
| 2014 | 12.9 | -20.61% |
| 2013 | 16.2 | 74.65% |
| 2012 | 9.27 | 11.35% |
| 2011 | 8.32 | -28.96% |
| 2010 | 11.7 | -162.51% |
| 2009 | -18.7 | 5281.46% |
| 2008 | -0.3483 | -98.93% |
| 2007 | -32.6 | -312.94% |
| 2006 | 15.3 | -56.02% |
| 2005 | 34.8 | 30.94% |
| 2004 | 26.6 | -220.31% |
| 2003 | -22.1 | -54.15% |
| 2002 | -48.2 | 54.63% |
| 2001 | -31.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 TTM Technologies
TTMI | -62.3 | -483.21% | 🇺🇸 USA |
 Sanmina SANM | 12.0 | -26.10% | 🇺🇸 USA |
 Plexus PLXS | 21.2 | 30.49% | 🇺🇸 USA |
 IEC Electronics
IEC | N/A | N/A | 🇺🇸 USA |
 Jabil JBL | 19.2 | 17.98% | 🇺🇸 USA |
 Celestica CLS | 27.8 | 71.15% | 🇨🇦 Canada |
 Benchmark Electronics
BHE | 21.0 | 28.98% | 🇺🇸 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.