The current PE ratio for Flex stock as of Jul 25, 2024 is 13.39. This is calculated based on the TTM EPS of $2.31 and the stock price of $30.94 per share. The PE ratio marks a decrease of 13% from its last 4 quarters average of 15.3.
The average historical PE ratio of Flex for the last ten years is 25.03. The current P/E ratio of 13.39 is 47% 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 |
|---|---|---|
| 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'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 SANM, but it is higher than JBL's. Flex's current PE ratio of 13.39 is lower than the average of its peers, which is 20.74.
| Stock name | PE ratio | Market cap |
|---|---|---|
| JBL Jabil Inc | 9.88 | $12.52B |
| FLEX Flex Ltd | 13.86 | $12.86B |
| SANM Sanmina Corp | 17.09 | $4.12B |
| CLS Celestica, Inc. | 17.16 | $6.25B |
| BHE Benchmark Electronics Inc | 23.08 | $1.53B |
| PLXS Plexus Corp | 35.29 | $3.56B |
| TTMI Ttm Technologies Inc | N/A | $2.2B |
FLEX stock has a price to earnings ratio of 13.39 as of Jul 25, 2024.
As an average over the last 3 years, FLEX stock has a PE ratio of 11.84.
As an average over the last 5 years, FLEX stock has a PE ratio of 17.58.
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 47% 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 (Jul 25, 2024), Flex's share price is $30.94. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.31. Therefore, Flex's PE ratio for today is 13.39. PE RATIO(13.39) = STOCK PRICE($30.94) / TTM EPS($2.31)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.