The price-to-earnings ratio for Iridium Communications stock stands at 149.9 as of May 17, 2024. This is based on the current EPS of $0.21 and the stock price of $31.48 per share.
Over the last ten years, the average PE ratio of Iridium Communications has been 165.34. The current 149.9 P/E ratio is 9% lower than the historical average. In the past ten years, IRDM's PE ratio peaked in the Sep 2022 quarter at 1,109.25, with a price of $44.37 and an EPS of $0.04. The Dec 2017 quarter marked the lowest point at 5.29, with a price of $11.8 and an EPS of $2.23.
Maximum annual increase: 58.18% in 2014
Maximum annual decrease: -53.29% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 343 | -53.29% |
| 2022 | 734.29 | N/A |
| 2021 | N/A | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
| 2017 | 5.29 | -44.9% |
| 2016 | 9.6 | N/A |
| 2015 | N/A | N/A |
| 2014 | 13.73 | 58.18% |
IRDM's current P/E ratio is lower than the 3, 5 and 10-year averages.
In comparison to its peer stock GOGO, IRDM's PE ratio is higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GOGO Gogo Inc | 8.98 | $1.37B |
| IRDM Iridium Communications Inc | 149.9 | $3.82B |
| GSAT Globalstar Inc | N/A | $2.28B |
| BA Boeing Co | N/A | $113.54B |
The price to earnings ratio for IRDM stock is 149.9 as of May 17, 2024.
The average PE ratio for IRDM stock over the past 3 years is 550.69.
The average PE ratio for IRDM stock over the past 5 years is 550.69.
The highest quarterly PE ratio in the last ten years has been 1,109.25 and it was in the Sep 2022 quarter.
IRDM's current price to earnings ratio is 9% below its 10-year historical average.
IRDM's PE ratio of 149.9 is considered high because the company's stock price is trading at a higher multiple of earnings.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 17, 2024), Iridium Communications's stock price is $31.48. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.21. Therefore, Iridium Communications's PE ratio for today is 149.9. PE RATIO(149.9) = STOCK PRICE($31.48) / TTM EPS($0.21)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.