As of Apr 29, 2024, the nVent Electric stock's PE ratio is 22.01. This results from the current EPS of $3.42 and stock price of $75.28. The P/E ratio has increased by 23% from the past four quarters average of 17.9.
The PE ratio of nVent Electric has averaged 23.76 over the last six years. The current PE ratio of 22.01 is 7% below the historical average. Over the past six years, NVT's PE ratio was at its highest in the Jun 2021 quarter at 130.17, when the stock price was $31.24 and the EPS was $0.24. The lowest value was in the Jun 2018 quarter, when it reached 13.57 with a price of $25.1 and an EPS of $1.85.
Maximum annual increase: 13.04% in 2019
Maximum annual decrease: -31.23% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 17.28 | 7.8% |
| 2022 | 16.03 | -31.23% |
| 2021 | 23.31 | N/A |
| 2020 | N/A | N/A |
| 2019 | 19.68 | 13.04% |
| 2018 | 17.41 | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
NVT's current P/E ratio is below the 3 and 5-year averages.
Compared to its peer stock TEL, NVT's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TEL TE Connectivity Ltd | 12.86 | $43.33B |
| NVT nVent Electric plc | 21.07 | $11.9B |
| SRI Stoneridge Inc | N/A | $412.75M |
The price to earnings ratio for NVT stock is 22.01 as of Apr 29, 2024.
As an average over the last 3 years, NVT stock has a PE ratio of 28.99.
As an average over the last 5 years, NVT stock has a PE ratio of 25.53.
The highest quarterly PE ratio in the last six years has been 130.17 and it was in the Jun 2021 quarter.
NVT's price to earnings ratio is currently 7% below its 6-year historical average.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Apr 29, 2024), nVent Electric's stock price is $75.28. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $3.42. Therefore, nVent Electric's P/E ratio for today is 22.01. PE RATIO(22.01) = STOCK PRICE($75.28) / TTM EPS($3.42)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.