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ARRY Array Technologies PE ratio, current and historical analysis

The PE ratio for Array Technologies stock stands at 27.54 as of Jun 21, 2024. This is based on the current EPS of $0.41 and the stock price of $11.29 per share. A decrease of 32% has been recorded in the P/E ratio compared to the average of 40.7 of the last 4 quarters.

ARRY PE ratio history

How has ARRY's PE ratio performed in the past

Over the last four years, the average PE ratio of Array Technologies has been 87.36. The current 27.54 PE ratio is 68% below the historical average. In the past four years, ARRY's PE ratio was at its highest in the Mar 2023 quarter at 273.5, with a price of $21.88 and an EPS of $0.08. The Dec 2023 quarter recorded the bottom point at 29.47, with a price of $16.8 and an EPS of $0.57.

Average
87.36
Median
48.38
Minimum
29.47
Maximum
273.5

Array Technologies PE ratio by year

Year PE ratio Change
2023 29.47 N/A
2022 N/A N/A
2021 N/A N/A
2020 88.04 N/A
2019 N/A N/A
2018 N/A N/A

ARRY average PE ratio chart

What is the average PE ratio of ARRY for the past years

Currently, ARRY's PE ratio is lower than the 3-year average.

3-year avg
87.22
5-year avg
N/A
10-year avg
N/A
15-year avg
N/A

ARRY PE vs peers

What is ARRY's PE ratio compared to its peers

Compared to its peers LLY and AZN, ARRY's PE ratio stands lower, however it is higher than NVS's.

Stock name PE ratio Market cap
NVS Novartis AG 14.2 $214.69B
ARRY Array Technologies Inc 27.54 $1.71B
AZN Astrazeneca plc 38.48 $244.55B
AMGN Amgen Inc 43.77 $165.31B
LLY ELI LILLY & Co 129.6 $840.04B

Frequently asked questions

What is Array Technologies's PE ratio?

ARRY's price to earnings ratio is 27.54 as of Jun 21, 2024.

What is the 3-year average PE ratio for Array Technologies (ARRY)?

Over the last 3 years, the average price to earnings ratio for ARRY stock is 87.22.

What is the highest PE ratio for ARRY?

In the last four years, the Mar 2023 quarter recorded the highest quarterly PE ratio at 273.5.

How does the current PE ratio for ARRY compare to its historical average?

ARRY's current price to earnings ratio is 68% below its 4-year historical average.

How is ARRY's PE ratio calculated (Array Technologies PE ratio formula)?

You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 21, 2024), Array Technologies's stock price is $11.29. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.41. Therefore, Array Technologies's P/E ratio for today is 27.54. PE RATIO(27.54) = STOCK PRICE($11.29) / TTM EPS($0.41)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.