As of Jul 25, 2024, the GTES stock has a PE ratio of 18.71. The calculation is based on the latest EPS of $0.93 and the stock price of $17.4 per share. An increase of 17% has been observed in the PE ratio compared to its average of 15.9 of the last four quarters.
The mean historical PE ratio of Gates Industrial over the last seven years is 19.75. The current 18.71 P/E ratio is 5% lower than the historical average. Looking back at the last seven years, GTES's PE ratio peaked in the Jan 2021 quarter at 47.26, with a price of $12.76 and an EPS of $0.27. The Sep 2019 quarter marked the lowest point at 3.89, with a price of $9.99 and an EPS of $2.57.
Maximum annual increase: 720.49% in 2021
Maximum annual decrease: -66.99% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 15.6 | 6.63% |
| 2022 | 14.63 | -6.22% |
| 2022 | 15.6 | -66.99% |
| 2021 | 47.26 | 720.49% |
| 2019 | 5.76 | -62.43% |
| 2018 | 15.33 | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2016 | N/A | N/A |
Currently, GTES's PE ratio is higher than its 3-year average, but it is lower than its 5-year average.
In comparison to its peer stocks TKR and TWIN, GTES's PE ratio is higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TKR Timken Co | 16.12 | $6B |
| TWIN Twin Disc Inc | 16.6 | $209.11M |
| GTES Gates Industrial Corp plc | 19.18 | $4.66B |
GTES's price to earnings ratio is 18.71 as of Jul 25, 2024.
As an average over the last 3 years, GTES stock has a PE ratio of 16.01.
As an average over the last 5 years, GTES stock has a PE ratio of 21.36.
Over the last seven years, the Jan 2021 quarter recorded the highest quarterly PE ratio at 47.26.
GTES's current price to earnings ratio is 5% below its 7-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 25, 2024), Gates Industrial's share price is $17.4. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.93. Therefore, Gates Industrial's PE ratio for today is 18.71. PE RATIO(18.71) = STOCK PRICE($17.4) / TTM EPS($0.93)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.