P/E ratio for Elbit Systems (ESLT)
P/E ratio as of June 2024 (TTM): 32.1
According to Elbit Systems 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.0917. At the end of 2022 the company had a P/E ratio of 26.4.
P/E ratio history for Elbit Systems from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.4 | -5.79% |
| 2021 | 28.0 | 15.12% |
| 2020 | 24.4 | -18.32% |
| 2019 | 29.8 | 26.58% |
| 2018 | 23.6 | -1.2% |
| 2017 | 23.8 | 29.65% |
| 2016 | 18.4 | -1.51% |
| 2015 | 18.7 | 23.29% |
| 2014 | 15.1 | 8.78% |
| 2013 | 13.9 | 38.37% |
| 2012 | 10.1 | -48.12% |
| 2011 | 19.4 | 57% |
| 2010 | 12.4 | -3.51% |
| 2009 | 12.8 | 33.62% |
| 2008 | 9.58 | -70.88% |
| 2007 | 32.9 | 78.28% |
| 2006 | 18.5 | -39.25% |
| 2005 | 30.4 | 48.46% |
| 2004 | 20.5 | 33.08% |
| 2003 | 15.4 | 11.01% |
| 2002 | 13.9 | -19.87% |
| 2001 | 17.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Boeing BA | -36.8 | -214.53% | 🇺🇸 USA |
 Lockheed Martin LMT | 16.8 | -47.71% | 🇺🇸 USA |
 General Dynamics GD | 24.5 | -23.56% | 🇺🇸 USA |
 Northrop Grumman NOC | 14.6 | -54.46% | 🇺🇸 USA |
 Embraer ERJ | < -1000 | -3,467.76% | 🇧🇷 Brazil |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.