The PE ratio for Array Technologies stock stands at 24.11 as of May 6, 2024. This is based on the current EPS of $0.57 and the stock price of $13.74 per share. A decrease of 81% has been recorded in the P/E ratio compared to the average of 123.8 of the last 4 quarters.
Over the last four years, the average PE ratio of Array Technologies has been 116.68. The current 24.11 PE ratio is 79% below the historical average. In the past four years, ARRY's PE ratio was at its highest in the Mar 2023 quarter at 364.67, with a price of $21.88 and an EPS of $0.06. The Dec 2023 quarter recorded the bottom point at 29.47, with a price of $16.8 and an EPS of $0.57.
| 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 |
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 | 13.19 | $199.41B |
| ARRY Array Technologies Inc | 24.11 | $2.08B |
| AZN Astrazeneca plc | 36.96 | $234.88B |
| AMGN Amgen Inc | 42.54 | $160.65B |
| LLY ELI LILLY & Co | 112.42 | $728.66B |
ARRY's price to earnings ratio is 24.11 as of May 6, 2024.
In the last four years, the Mar 2023 quarter recorded the highest quarterly PE ratio at 364.67.
ARRY's current price to earnings ratio is 79% below its 4-year historical average.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 6, 2024), Array Technologies's stock price is $13.74. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $0.57. Therefore, Array Technologies's P/E ratio for today is 24.11. PE RATIO(24.11) = STOCK PRICE($13.74) / TTM EPS($0.57)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.