TECH BIO-TECHNE PE ratio, current and historical analysis
As at Nov 21, 2024, the TECH stock has a PE ratio of 74.79. This is based on the current EPS of $0.95 and the stock price of $71.05 per share. An increase of 15% has been seen in the P/E ratio compared to the average of 65.3 of the last 4 quarters.
TECH PE ratio history
The mean historical PE ratio of BIO-TECHNE over the last ten years is 55.38. The current 74.79 PE ratio is 35% above the historical average. Over the past ten years, TECH's PE ratio was at its highest in the Jun 2021 quarter at 123.7, with a price of $112.57 and an EPS of $0.91. The Dec 2014 quarter recorded the bottom point at 29.24, with a price of $23.1 and an EPS of $0.79.
BIO-TECHNE PE ratio by year
Maximum annual increase: 181.07% in 2021
Maximum annual decrease: -59.51% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 66.96 | 48.47% |
| 2023 | 45.1 | -9.96% |
| 2022 | 50.09 | -59.51% |
| 2021 | 123.7 | 181.07% |
| 2020 | 44.01 | -45.96% |
| 2019 | 81.44 | 84.96% |
| 2018 | 44.03 | -23.56% |
| 2017 | 57.6 | 43.03% |
| 2016 | 40.27 | 19.42% |
| 2015 | 33.72 | 9.27% |
TECH average PE ratio chart
The current PE ratio of TECH is greater than its 3, 5 and 10-year historical averages.
TECH PE vs peers
TECH's PE ratio is lower than its peer stock QGEN, but it is greater than TMO's and GE's. BIO-TECHNE is presently trading at a higher PE ratio (74.79) than its peer group average of 38.58.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GE General Electric Co | 31.13 | $193.41B |
| TMO Thermo Fisher Scientific Inc | 32.28 | $197.41B |
| DHR Danaher Corp | 44.43 | $169.77B |
| BDX Becton Dickinson & Co | 46.48 | $65.16B |
| TECH BIO-TECHNE Corp | 74.79 | $11.29B |
| QGEN Qiagen NV | 114.41 | $9.48B |
| BIO Bio-Rad Laboratories Inc | N/A | $9.12B |
| STEM Stem Inc | N/A | $58.53M |
| ENZ Enzo Biochem Inc | N/A | $50.68M |
Frequently asked questions
What is BIO-TECHNE's PE ratio?
The price to earnings ratio for TECH stock as of Nov 21, 2024, stands at 74.79.
What is the 3-year average PE ratio for BIO-TECHNE (TECH)?
Over the last 3 years, the average price to earnings ratio for TECH stock is 58.43.
What is the 5-year average PE ratio for BIO-TECHNE (TECH)?
Over the last 5 years, the average price to earnings ratio for TECH stock is 62.22.
What is the highest PE ratio for TECH?
In the last ten years, the Jun 2021 quarter recorded the highest quarterly PE ratio at 123.7.
How does the current PE ratio for TECH compare to its historical average?
TECH's current price to earnings ratio is 35% above its 10-year historical average.
Why is BIO-TECHNE's PE ratio so high?
TECH's PE ratio is high because its earnings per share (EPS) is low relative to its stock price.
How is TECH's PE ratio calculated (BIO-TECHNE PE ratio formula)?
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Nov 21, 2024), BIO-TECHNE's stock price is $71.05. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $0.95. Therefore, BIO-TECHNE's P/E ratio for today is 74.79. PE RATIO(74.79) = STOCK PRICE($71.05) / TTM EPS($0.95)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.