P/E ratio for Ingersoll Rand (IR)

P/E ratio history for Ingersoll Rand from 2017 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
Lennox LII	40.4	-15.72%	🇺🇸 USA
Dover DOV	25.5	-46.85%	🇺🇸 USA
Johnson Controls JCI	26.3	-45.01%	🇮🇪 Ireland
Flowserve FLS	30.7	-35.82%	🇺🇸 USA
Parker-Hannifin PH	34.8	-27.26%	🇺🇸 USA
Aaon AAON	64.6	34.80%	🇺🇸 USA
Illinois Tool Works ITW	24.6	-48.54%	🇺🇸 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.