P/E ratio for IDEXX Laboratories (IDXX)
P/E ratio as of May 2024 (TTM): 54.8
According to IDEXX Laboratories's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 54.8385. At the end of 2022 the company had a P/E ratio of 50.2.
P/E ratio history for IDEXX Laboratories from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 50.2 | -33.31% |
| 2021 | 75.3 | 2.64% |
| 2020 | 73.4 | 39.42% |
| 2019 | 52.6 | 22.55% |
| 2018 | 43.0 | -17.58% |
| 2017 | 52.1 | 10.24% |
| 2016 | 47.3 | 34.23% |
| 2015 | 35.2 | -14.47% |
| 2014 | 41.2 | 36.68% |
| 2013 | 30.1 | 5.21% |
| 2012 | 28.6 | 6.07% |
| 2011 | 27.0 | -4.81% |
| 2010 | 28.4 | 10.4% |
| 2009 | 25.7 | 38.17% |
| 2008 | 18.6 | -51.47% |
| 2007 | 38.3 | 44% |
| 2006 | 26.6 | -10.9% |
| 2005 | 29.9 | 25.29% |
| 2004 | 23.8 | -13.98% |
| 2003 | 27.7 | 13.04% |
| 2002 | 24.5 | -2.83% |
| 2001 | 25.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Abbott Laboratories ABT | 35.0 | -36.14% | 🇺🇸 USA |
 Thermo Fisher Scientific TMO | 38.8 | -29.23% | 🇺🇸 USA |
 Henry Schein
HSIC | 21.6 | -60.57% | 🇺🇸 USA |
 Meridian Bioscience VIVO | 35.0 | -36.14% | 🇺🇸 USA |
 Neogen NEOG | -113 | -306.78% | 🇺🇸 USA |
 Heska Corporation
HSKA | -62.2 | -213.37% | 🇺🇸 USA |
 Petco WOOF | 19.2 | -65.07% | 🇺🇸 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.