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GMED Globus Medical PE ratio, current and historical analysis

The price-to-earnings ratio for Globus Medical stock stands at 112.2 as of Jun 12, 2024. This is calculated based on the current EPS of $0.59 and the stock price of $66.2 per share. An increase of 124% has been recorded in the PE ratio compared to the average of 50.2 of the past four quarters.

GMED PE ratio history

How has GMED's PE ratio performed in the past

Over the last ten years, the average PE ratio of Globus Medical has been 35.32. The current 112.2 price-to-earnings ratio is in line with the historical average. In the past ten years, GMED's PE ratio reached its highest point in the Mar 2024 quarter at 90.92, with a price of $53.64 and an EPS of $0.59. The Sep 2016 quarter saw the lowest point at 18.35, with a price of $22.57 and an EPS of $1.23.

Average
35.32
Median
31.96
Minimum
18.35
Maximum
90.92

Globus Medical PE ratio by year

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%

GMED average PE ratio chart

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

The current PE ratio of GMED is above its 3, 5 and 10-year historical averages.

3-year avg
43.99
5-year avg
43.72
10-year avg
35.32
15-year avg
N/A

GMED PE vs peers

What is GMED's PE ratio compared to its peers

GMED's PE ratio is above its peer stock SYK.

Stock name PE ratio Market cap
SYK Stryker Corp 38.76 $130.67B
GMED Globus Medical Inc 111.71 $8.9B
OFIX Orthofix Medical Inc N/A $469.49M
ATEC Alphatec Holdings Inc N/A $1.5B

Frequently asked questions

What is Globus Medical's PE ratio?

The price to earnings ratio for GMED stock as of Jun 12, 2024, stands at 112.2.

What is the 3-year average PE ratio for Globus Medical (GMED)?

Over the last 3 years, the average PE ratio for GMED stock is 43.99.

What is the 5-year average PE ratio for Globus Medical (GMED)?

Over the last 5 years, the average PE ratio for GMED stock is 43.72.

What is the highest PE ratio for GMED?

Within the last ten years, the current price to earnings ratio is at its peak with a value of 112.2.

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

The current price to earnings ratio of GMED is 218% higher than the 10-year historical average.

Why is Globus Medical's PE ratio so high?

GMED's PE ratio of 112.2 is considered high because the company's stock price is trading at a higher multiple of earnings.

How is GMED's PE ratio calculated (Globus Medical PE ratio formula)?

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 (Jun 12, 2024), Globus Medical's stock price is $66.2. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.59. Therefore, Globus Medical's price to earnings ratio for today is 112.2. PE RATIO(112.2) = STOCK PRICE($66.2) / TTM EPS($0.59)

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