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	43.6	-12.35%	🇺🇸 USA
Dover DOV	27.1	-45.55%	🇺🇸 USA
Johnson Controls JCI	27.4	-44.86%	🇮🇪 Ireland
Flowserve FLS	34.6	-30.44%	🇺🇸 USA
Parker-Hannifin PH	37.1	-25.44%	🇺🇸 USA
Aaon AAON	71.3	43.24%	🇺🇸 USA
Illinois Tool Works ITW	25.3	-49.22%	🇺🇸 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.