The current PE ratio for RadNet stock as of Jul 25, 2024 is 187.79. This is calculated based on the TTM EPS of $0.33 and the stock price of $61.97 per share.
The average historical PE ratio of RadNet for the last ten years is 138.02. The current P/E ratio of 187.79 is 36% higher than the historical average. Looking back at the last ten years, RDNT's PE ratio peaked in the Sep 2023 quarter at 1,409.5, when the price was $28.19 and the EPS was $0.02. The lowest point was in the Dec 2018 quarter, when it reached 15.18 with a price of $10.17 and an EPS of $0.67.
Maximum annual increase: 752.31% in 2014
Maximum annual decrease: -87.94% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 695.4 | 601.64% |
| 2022 | 99.11 | 54.71% |
| 2021 | 64.06 | N/A |
| 2020 | N/A | N/A |
| 2019 | 67.67 | 345.78% |
| 2018 | 15.18 | N/A |
| 2017 | N/A | N/A |
| 2016 | 40.31 | 17.42% |
| 2015 | 34.33 | -87.94% |
| 2014 | 284.67 | 752.31% |
Currently, RDNT's PE ratio is higher than the 10-year average, but it is lower than its 3 and 5-year averages.
In comparison to its peer stocks LH and DGX, RDNT's PE ratio is higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ENZ Enzo Biochem Inc | 1.25 | $59.18M |
| DGX Quest Diagnostics Inc | 19.41 | $16.21B |
| LH Laboratory Corp Of America Holdings | 41.35 | $17.78B |
| RDNT RadNet Inc | 187.7 | $4.58B |
RDNT's price to earnings ratio is 187.79 as of Jul 25, 2024.
The average PE ratio for RDNT stock over the past 3 years is 304.27.
The average PE ratio for RDNT stock over the past 5 years is 233.21.
Over the last ten years, the Sep 2023 quarter recorded the highest quarterly PE ratio at 1,409.5.
The current PE ratio of RDNT is 36% higher than the 10-year historical average.
RDNT's PE ratio is high because the stock price is relatively expensive compared to the earnings generated by the company.
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 (Jul 25, 2024), RadNet's share price is $61.97. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.33. Therefore, RadNet's PE ratio for today is 187.79. PE RATIO(187.79) = STOCK PRICE($61.97) / TTM EPS($0.33)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.