As of Jul 25, 2024, the Magic Software Enterprises stock's P/E ratio is 16.05. This takes into account the latest EPS of $0.73 and stock price of $11.72. The PE ratio has increased by 10% from its last 4 quarters average of 14.6.
The PE ratio of Magic Software Enterprises has averaged 24.06 over the last ten years. The current price-to-earnings ratio of 16.05 is 33% less than the historical average. Analyzing the last ten years, MGIC's PE ratio reached its highest point in the Dec 2019 quarter at 37.62, when the price was $9.78 and the EPS was $0.26. The lowest point was recorded in the Dec 2023 quarter, when it reached 12.92 with a price of $9.69 and an EPS of $0.75.
Maximum annual increase: 92.33% in 2019
Maximum annual decrease: -43.05% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 12.92 | -33.88% |
| 2022 | 19.54 | -43.05% |
| 2021 | 34.31 | 7.42% |
| 2020 | 31.94 | -15.1% |
| 2019 | 37.62 | 92.33% |
| 2018 | 19.56 | -18.3% |
| 2017 | 23.94 | -3.08% |
| 2016 | 24.7 | 65.22% |
| 2015 | 14.95 | -9.56% |
| 2014 | 16.53 | -0.84% |
MGIC's current PE ratio is under its 3, 5 and 10-year averages.
MGIC's PE ratio is below its peer stocks MSFT and ORCL.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MGIC Magic Software Enterprises Ltd. | 16 | $573.48M |
| IBM International Business Machines Corp | 21.38 | $176.14B |
| ORCL Oracle Corp | 36.39 | $383.09B |
| MSFT Microsoft Corp | 36.69 | $3.16T |
MGIC's price to earnings ratio is 16.05 as of Jul 25, 2024.
The average PE ratio for MGIC stock over the past 3 years is 21.41.
The average PE ratio for MGIC stock over the past 5 years is 25.85.
Over the last ten years, the Dec 2019 quarter recorded the highest quarterly PE ratio at 37.62.
MGIC's price to earnings ratio is currently 33% below 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 (Jul 25, 2024), Magic Software Enterprises's share price is $11.72. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.73. Therefore, Magic Software Enterprises's price to earnings ratio for today is 16.05. PE RATIO(16.05) = STOCK PRICE($11.72) / TTM EPS($0.73)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.