The current PE ratio for Flex stock as of Apr 24, 2024 is 16.67. This is calculated based on the TTM EPS of $1.71 and the stock price of $28.5 per share. The PE ratio has grown by 8% from its last 4 quarters average of 15.5.
The average historical PE ratio of Flex for the last ten years is 25.06. The current P/E ratio of 16.67 is 33% lower than the historical average. Looking back at the last ten years, FLEX's PE ratio peaked in the Jun 2019 quarter at 239.25, when the price was $9.57 and the EPS was $0.04. The lowest point was in the Jul 2022 quarter, when it reached 7.27 with a price of $14.25 and an EPS of $1.96.
Maximum annual increase: 175.6% in 2019
Maximum annual decrease: -69.77% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 13.15 | 39.6% |
| 2022 | 9.42 | -36.74% |
| 2021 | 14.89 | -69.77% |
| 2020 | 49.26 | -11.34% |
| 2019 | 55.56 | 175.6% |
| 2018 | 20.16 | -29.19% |
| 2017 | 28.47 | 88.79% |
| 2016 | 15.08 | 23.71% |
| 2015 | 12.19 | -20.84% |
| 2014 | 15.4 | -4.35% |
FLEX's current PE ratio is higher than the 3-year average, but it is lower than its 5 and 10-year averages.
FLEX's PE ratio stands lower than its peer stocks CLS and PLXS, but it is higher than JBL's and SANM's. Flex's current PE ratio of 16.67 is similar to the average of its peers, which is 16.5.
| Stock name | PE ratio | Market cap |
|---|---|---|
| JBL Jabil Inc | 10 | $14.29B |
| SANM Sanmina Corp | 13.12 | $3.5B |
| BHE Benchmark Electronics Inc | 16.74 | $1.08B |
| FLEX Flex Ltd | 16.79 | $12.09B |
| CLS Celestica, Inc. | 21.2 | $5.14B |
| PLXS Plexus Corp | 21.7 | $2.74B |
| TTMI Ttm Technologies Inc | N/A | $1.51B |
FLEX stock has a price to earnings ratio of 16.67 as of Apr 24, 2024.
As an average over the last 3 years, FLEX stock has a PE ratio of 11.76.
As an average over the last 5 years, FLEX stock has a PE ratio of 30.93.
Over the last ten years, the quarterly PE ratio reached its highest level at 239.25 in the Jun 2019 quarter.
The current PE ratio of FLEX is 33% lower than the 10-year historical average.
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Apr 24, 2024), Flex's share price is $28.5. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.71. Therefore, Flex's PE ratio for today is 16.67. PE RATIO(16.67) = STOCK PRICE($28.5) / TTM EPS($1.71)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.