The PE ratio for Array Technologies stock stands at 27.22 as of Jul 25, 2024. This is based on the current EPS of $0.41 and the stock price of $11.16 per share. A decrease of 33% has been recorded in the P/E ratio compared to the average of 40.7 of the last 4 quarters.
Over the last four years, the average PE ratio of Array Technologies has been 87.36. The current 27.22 PE ratio is 69% 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.
| 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 |
Currently, ARRY's PE ratio is lower than the 3-year average.
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 | 13.96 | $225.1B |
| ARRY Array Technologies Inc | 27.37 | $1.7B |
| AZN Astrazeneca plc | 37.56 | $242.2B |
| AMGN Amgen Inc | 47.56 | $179.63B |
| LLY ELI LILLY & Co | 117.98 | $764.72B |
ARRY's price to earnings ratio is 27.22 as of Jul 25, 2024.
Over the last 3 years, the average price to earnings ratio for ARRY stock is 87.22.
In the last four years, the Mar 2023 quarter recorded the highest quarterly PE ratio at 273.5.
ARRY's current price to earnings ratio is 69% 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 (Jul 25, 2024), Array Technologies's stock price is $11.16. 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 27.22. PE RATIO(27.22) = STOCK PRICE($11.16) / TTM EPS($0.41)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.