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RDNT RadNet PE ratio, current and historical analysis

The current PE ratio for RadNet stock as of Jun 14, 2024 is 177.18. This is calculated based on the TTM EPS of $0.33 and the stock price of $58.47 per share.

RDNT PE ratio history

How has RDNT's PE ratio performed in the past

The average historical PE ratio of RadNet for the last ten years is 138.02. The current P/E ratio of 177.18 is 28% 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.

Average
138.02
Median
44.41
Minimum
15.18
Maximum
1,409.5

RadNet PE ratio by year

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%

RDNT average PE ratio chart

What is the average PE ratio of RDNT for the past years

Currently, RDNT's PE ratio is higher than the 10-year average, but it is lower than its 3 and 5-year averages.

3-year avg
281.01
5-year avg
218.92
10-year avg
138.02
15-year avg
103.39

RDNT PE vs peers

What is RDNT's PE ratio compared to its peers

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 1.26 $59.69M
DGX Quest Diagnostics Inc 18.31 $15.31B
LH Laboratory Corp Of America Holdings 39.19 $16.85B
RDNT RadNet Inc 177.18 $4.32B

Frequently asked questions

What is RadNet's PE ratio?

RDNT's price to earnings ratio is 177.18 as of Jun 14, 2024.

What is the 3-year average PE ratio for RadNet (RDNT)?

The average PE ratio for RDNT stock over the past 3 years is 281.01.

What is the 5-year average PE ratio for RadNet (RDNT)?

The average PE ratio for RDNT stock over the past 5 years is 218.92.

What is the highest PE ratio for RDNT?

Over the last ten years, the Sep 2023 quarter recorded the highest quarterly PE ratio at 1,409.5.

How does the current PE ratio for RDNT compare to its historical average?

The current PE ratio of RDNT is 28% higher than the 10-year historical average.

Why is RadNet's PE ratio so high?

RDNT's PE ratio is high because the stock price is relatively expensive compared to the earnings generated by the company.

How is RDNT's PE ratio calculated (RadNet PE ratio formula)?

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 (Jun 14, 2024), RadNet's share price is $58.47. 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 177.18. PE RATIO(177.18) = STOCK PRICE($58.47) / TTM EPS($0.33)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.