The price-to-earnings ratio for Globus Medical stock stands at 121.61 as of Jul 25, 2024. This is calculated based on the current EPS of $0.59 and the stock price of $71.75 per share. An increase of 142% has been recorded in the PE ratio compared to the average of 50.2 of the past four quarters.
Over the last ten years, the average PE ratio of Globus Medical has been 35.54. The current 121.61 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.
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 | 37.48 | $126.35B |
| GMED Globus Medical Inc | 121.85 | $9.71B |
| OFIX Orthofix Medical Inc | N/A | $620.73M |
| ATEC Alphatec Holdings Inc | N/A | $1.53B |
The price to earnings ratio for GMED stock as of Jul 25, 2024, stands at 121.61.
Over the last 3 years, the average PE ratio for GMED stock is 44.17.
Over the last 5 years, the average PE ratio for GMED stock is 44.5.
Within the last ten years, the current price to earnings ratio is at its peak with a value of 121.61.
The current price to earnings ratio of GMED is 242% higher than the 10-year historical average.
GMED's PE ratio of 121.61 is considered high because the company's stock price is trading at a higher multiple of earnings.
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 (Jul 25, 2024), Globus Medical's stock price is $71.75. 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 121.61. PE RATIO(121.61) = STOCK PRICE($71.75) / TTM EPS($0.59)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.