P/E ratio for Bio-Techne (TECH)

P/E ratio history for Bio-Techne from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Thermo Fisher Scientific TMO	40.1	-19.29%	🇺🇸 USA
Bio-Rad Laboratories BIO	-58.2	-217.07%	🇺🇸 USA
Becton Dickinson BDX	42.1	-15.27%	🇺🇸 USA
Danaher DHR	34.2	-31.20%	🇺🇸 USA
Qiagen QGEN	30.9	-37.74%	🇳🇱 Netherlands
General Electric GE	21.9	-55.92%	🇺🇸 USA
Enzo Biochem ENZ	-1.20	-102.40%	🇺🇸 USA

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.