GMED Globus Medical PE ratio, current and historical analysis
The price-to-earnings ratio for Globus Medical stock stands at 136.95 as of Nov 21, 2024. This is calculated based on the current EPS of $0.62 and the stock price of $84.91 per share. An increase of 3.5% has been recorded in the PE ratio compared to the average of 132.3 of the past four quarters.
GMED PE ratio history
Over the last ten years, the average PE ratio of Globus Medical has been 43.84. The current 136.95 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 Jun 2024 quarter at 273.96, with a price of $68.49 and an EPS of $0.25. The Sep 2016 quarter saw the lowest point at 18.35, with a price of $22.57 and an EPS of $1.23.
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
The current PE ratio of GMED is above its 3, 5 and 10-year historical averages.
GMED PE vs peers
GMED's PE ratio is above its peer stock SYK.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SYK Stryker Corp | 41.37 | $148.73B |
| GMED Globus Medical Inc | 136.95 | $11.56B |
| OFIX Orthofix Medical Inc | N/A | $713.84M |
| ATEC Alphatec Holdings Inc | N/A | $1.45B |
Frequently asked questions
What is Globus Medical's PE ratio?
The price to earnings ratio for GMED stock as of Nov 21, 2024, stands at 136.95.
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 69.53.
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 60.02.
What is the highest PE ratio for GMED?
In the last ten years, the Jun 2024 quarter recorded the highest quarterly PE ratio at 273.96.
How does the current PE ratio for GMED compare to its historical average?
The current price to earnings ratio of GMED is 212% higher than the 10-year historical average.
Why is Globus Medical's PE ratio so high?
GMED's PE ratio of 136.95 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 (Nov 21, 2024), Globus Medical's stock price is $84.91. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $0.62. Therefore, Globus Medical's price to earnings ratio for today is 136.95. PE RATIO(136.95) = STOCK PRICE($84.91) / TTM EPS($0.62)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.