FLEX Flex PE ratio, current and historical analysis
The current PE ratio for Flex stock as of Oct 3, 2024 is 14.52. This is calculated based on the TTM EPS of $2.24 and the stock price of $32.52 per share. The current PE ratio is about the same compared to the last four quarters average.
FLEX PE ratio history
The average historical PE ratio of Flex for the last ten years is 25.05. The current P/E ratio of 14.52 is 42% 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.
Flex PE ratio by year
Maximum annual increase: 175.6% in 2019
Maximum annual decrease: -69.77% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 12.39 | -5.78% |
| 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% |
FLEX average PE ratio chart
FLEX's current PE ratio is higher than the 3-year average, but it is lower than its 5 and 10-year averages.
FLEX PE vs peers
FLEX's PE ratio stands lower than its peer stocks CLS and PLXS, but it is higher than JBL's. Flex's current PE ratio of 14.52 is lower than the average of its peers, which is 34.44.
| Stock name | PE ratio | Market cap |
|---|---|---|
| JBL Jabil Inc | 10.73 | $13.6B |
| FLEX Flex Ltd | 14.52 | $12.91B |
| CLS Celestica, Inc. | 16.77 | $6.1B |
| SANM Sanmina Corp | 16.81 | $3.64B |
| BHE Benchmark Electronics Inc | 22.74 | $1.54B |
| PLXS Plexus Corp | 33.37 | $3.66B |
| TTMI Ttm Technologies Inc | 106.24 | $1.84B |
Frequently asked questions
What is Flex's PE ratio?
FLEX stock has a price to earnings ratio of 14.52 as of Oct 3, 2024.
What is the 3-year average PE ratio for Flex (FLEX)?
As an average over the last 3 years, FLEX stock has a PE ratio of 12.22.
What is the 5-year average PE ratio for Flex (FLEX)?
As an average over the last 5 years, FLEX stock has a PE ratio of 17.34.
What is the highest PE ratio for FLEX?
Over the last ten years, the quarterly PE ratio reached its highest level at 239.25 in the Jun 2019 quarter.
How does the current PE ratio for FLEX compare to its historical average?
The current PE ratio of FLEX is 42% lower than the 10-year historical average.
How is FLEX's PE ratio calculated (Flex PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Oct 3, 2024), Flex's share price is $32.52. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $2.24. Therefore, Flex's PE ratio for today is 14.52. PE RATIO(14.52) = STOCK PRICE($32.52) / TTM EPS($2.24)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.