As at Jul 25, 2024, the TECH stock has a PE ratio of 61.94. This is based on the current EPS of $1.27 and the stock price of $78.67 per share. An increase of 25% has been seen in the P/E ratio compared to the average of 49.7 of the last 4 quarters.
The mean historical PE ratio of BIO-TECHNE over the last ten years is 53.75. The current 61.94 PE ratio is 15% 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.
Maximum annual increase: 181.07% in 2021
Maximum annual decrease: -59.51% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 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% |
| 2014 | 30.86 | 37.58% |
The current PE ratio of TECH is greater than its 3, 5 and 10-year historical averages.
TECH's PE ratio is higher than its peer stocks TMO and DHR. BIO-TECHNE is presently trading at a higher PE ratio (61.94) than its peer group average of 34.21.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ENZ Enzo Biochem Inc | 1.25 | $59.18M |
| QGEN Qiagen NV | 29.89 | $9.84B |
| TMO Thermo Fisher Scientific Inc | 38.79 | $231.76B |
| GE General Electric Co | 39.77 | $184.13B |
| DHR Danaher Corp | 48.14 | $197.82B |
| BDX Becton Dickinson & Co | 52.27 | $68.58B |
| TECH BIO-TECHNE Corp | 63.46 | $12.7B |
| BIO Bio-Rad Laboratories Inc | N/A | $9.11B |
| STEM Stem Inc | N/A | $205.3M |
The price to earnings ratio for TECH stock as of Jul 25, 2024, stands at 61.94.
Over the last 3 years, the average price to earnings ratio for TECH stock is 59.67.
Over the last 5 years, the average price to earnings ratio for TECH stock is 61.76.
In the last ten years, the Jun 2021 quarter recorded the highest quarterly PE ratio at 123.7.
TECH's current price to earnings ratio is 15% above its 10-year historical average.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 25, 2024), BIO-TECHNE's stock price is $78.67. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.27. Therefore, BIO-TECHNE's P/E ratio for today is 61.94. PE RATIO(61.94) = STOCK PRICE($78.67) / TTM EPS($1.27)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.