As of Apr 26, 2024, the FELE stock has a PE ratio of 24.65. The calculation is based on the latest EPS of $4.17 and the stock price of $102.77 per share. An increase of 8% has been observed in the PE ratio compared to its average of 22.8 of the last four quarters.
The mean historical PE ratio of Franklin Electric over the last ten years is 24.28. The current 24.65 P/E ratio is similar to the historical average. Looking back at the last ten years, FELE's PE ratio peaked in the Dec 2020 quarter at 32.04, with a price of $69.21 and an EPS of $2.16. The Jan 2016 quarter marked the lowest point at 17.78, with a price of $27.03 and an EPS of $1.52.
Maximum annual increase: 47.43% in 2019
Maximum annual decrease: -31.88% in 2016
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 23.18 | 16.83% |
| 2022 | 19.84 | -30.97% |
| 2021 | 28.74 | -10.3% |
| 2020 | 32.04 | 14.02% |
| 2019 | 28.1 | 47.43% |
| 2018 | 19.06 | -30.67% |
| 2017 | 27.49 | 18.03% |
| 2016 | 23.29 | 30.99% |
| 2016 | 17.78 | -31.88% |
| 2015 | 26.1 | -2.5% |
Currently, FELE's PE ratio is higher than its 3 and 10-year averages, but it is lower than its 5-year average.
In comparison to its peers DHR and AME, FELE's PE ratio is lower, but it is higher than DOV's and AOS's. Franklin Electric's current PE ratio of 24.65 is lower than the average of its peers, which is 32.1.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DOV DOVER Corp | 17.21 | $24.76B |
| AOS Smith A O Corp | 21.56 | $12.2B |
| FELE Franklin Electric Co Inc | 24.65 | $4.73B |
| GRC Gorman Rupp Co | 24.91 | $875.17M |
| AME Ametek Inc | 31.14 | $41.01B |
| FLS Flowserve Corp | 32.93 | $6.14B |
| RBC RBC Bearings Inc. | 40.57 | $7.15B |
| DHR Danaher Corp | 41.37 | $182.64B |
| XYL Xylem Inc | 47.12 | $32.01B |
| AMSC American Superconductor Corp | N/A | $377.13M |
FELE stock has a price to earnings ratio of 24.65 as of Apr 26, 2024.
The 3-year average price to earnings ratio for FELE stock is 23.59.
The 5-year average price to earnings ratio for FELE stock is 25.06.
The highest quarterly PE ratio in the last ten years has been 32.04 and it was in the Dec 2020 quarter.
FELE's current price to earnings ratio is 1.5% above its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 26, 2024), Franklin Electric's share price is $102.77. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $4.17. Therefore, Franklin Electric's PE ratio for today is 24.65. PE RATIO(24.65) = STOCK PRICE($102.77) / TTM EPS($4.17)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.