The current PE ratio for RadNet stock as of May 3, 2024 is 1024.0. This is calculated based on the TTM EPS of $0.05 and the stock price of $51.2 per share.
The average historical PE ratio of RadNet for the last ten years is 137.68. The current P/E ratio of 1024.0 is similar to 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 3, 5 and 10-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 | 1.55 | $53.27M |
| DGX Quest Diagnostics Inc | 18.24 | $15.26B |
| LH Laboratory Corp Of America Holdings | 39.47 | $16.97B |
| RDNT RadNet Inc | 1,024 | $3.51B |
RDNT's price to earnings ratio is 1,024 as of May 3, 2024.
The average PE ratio for RDNT stock over the past 3 years is 295.85.
The average PE ratio for RDNT stock over the past 5 years is 224.03.
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 644% 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 (May 3, 2024), RadNet's share price is $51.2. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $0.05. Therefore, RadNet's PE ratio for today is 1,024. PE RATIO(1,024) = STOCK PRICE($51.2) / TTM EPS($0.05)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.