The price-to-earnings ratio for Globus Medical stock stands at 46.38 as of Apr 26, 2024. This is calculated based on the current EPS of $1.09 and the stock price of $50.55 per share. An increase of 35% has been recorded in the PE ratio compared to the average of 34.5 of the past four quarters.
Over the last ten years, the average PE ratio of Globus Medical has been 33.89. The current 46.38 price-to-earnings ratio is 37% more than the historical average. In the past ten years, GMED's PE ratio reached its highest point in the Dec 2020 quarter at 62.71, with a price of $65.22 and an EPS of $1.04. The Sep 2016 quarter saw the lowest point at 18.35, with a price of $22.57 and an EPS of $1.23.
Maximum annual increase: 67.23% in 2020
Maximum annual decrease: -26.29% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 48.89 | 24.4% |
| 2022 | 39.3 | -19.43% |
| 2021 | 48.78 | -22.21% |
| 2020 | 62.71 | 67.23% |
| 2019 | 37.5 | 38.63% |
| 2018 | 27.05 | -26.29% |
| 2017 | 36.7 | 61.25% |
| 2016 | 22.76 | -2.65% |
| 2015 | 23.38 | -3.63% |
| 2014 | 24.26 | -11.04% |
The current PE ratio of GMED is above its 3, 5 and 10-year historical averages.
GMED's PE ratio is above its peer stock SYK.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SYK Stryker Corp | 40.24 | $127.62B |
| GMED Globus Medical Inc | 46.38 | $6.84B |
| OFIX Orthofix Medical Inc | N/A | $485.91M |
| ATEC Alphatec Holdings Inc | N/A | $1.72B |
The price to earnings ratio for GMED stock as of Apr 26, 2024, stands at 46.38.
Over the last 3 years, the average PE ratio for GMED stock is 39.72.
Over the last 5 years, the average PE ratio for GMED stock is 41.24.
In the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 62.71.
The current price to earnings ratio of GMED is 37% higher than the 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Apr 26, 2024), Globus Medical's stock price is $50.55. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.09. Therefore, Globus Medical's price to earnings ratio for today is 46.38. PE RATIO(46.38) = STOCK PRICE($50.55) / TTM EPS($1.09)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.