As at May 1, 2024, the TECH stock has a PE ratio of 52.1. This is based on the current EPS of $1.41 and the stock price of $73.46 per share. An increase of 12% has been seen in the P/E ratio compared to the average of 46.6 of the last 4 quarters.
The mean historical PE ratio of BIO-TECHNE over the last ten years is 53.12. The current 52.1 PE ratio is comparable to 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 below the 3, 5 and 10-year averages.
TECH's PE ratio is lower than its peer stock BDX, but it is greater than TMO's and DHR's. BIO-TECHNE is presently trading at a higher PE ratio (52.1) than its peer group average of 35.92.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ENZ Enzo Biochem Inc | 1.55 | $53.27M |
| QGEN Qiagen NV | 28.54 | $9.77B |
| TMO Thermo Fisher Scientific Inc | 37.05 | $219.25B |
| DHR Danaher Corp | 41.42 | $182.87B |
| GE General Electric Co | 51.68 | $174.81B |
| TECH BIO-TECHNE Corp | 52.1 | $11.55B |
| BDX Becton Dickinson & Co | 55.25 | $67.52B |
| BIO Bio-Rad Laboratories Inc | N/A | $7.82B |
| STEM Stem Inc | N/A | $291.88M |
The price to earnings ratio for TECH stock as of May 1, 2024, stands at 52.1.
Over the last 3 years, the average price to earnings ratio for TECH stock is 65.88.
Over the last 5 years, the average price to earnings ratio for TECH stock is 63.13.
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 1.9% below 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 (May 1, 2024), BIO-TECHNE's stock price is $73.46. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.41. Therefore, BIO-TECHNE's P/E ratio for today is 52.1. PE RATIO(52.1) = STOCK PRICE($73.46) / TTM EPS($1.41)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.