P/E — Price-to-Earnings Ratio

Definition: A company's stock price divided by its earnings per share. P/E is the most common quick valuation multiple.

Example

A stock at $100 with $5 EPS has a P/E of 20 — meaning the market is paying $20 for every $1 of earnings.

When you'll hear it

P/E shows up most often in board meetings, quarterly business reviews, and strategy off-sites. When someone uses it, they're usually referring to price-to-earnings ratio — and they expect the room to already know what that means.

FAQs

What's a good P/E ratio?

It depends on growth and industry. Mature utilities trade at 10-15x. High-growth tech can trade at 50x+. Compare within sector.

What does P/E stand for?

P/E stands for Price-to-Earnings Ratio.

What does P/E mean in business and finance?

A company's stock price divided by its earnings per share. P/E is the most common quick valuation multiple.

Where will I hear P/E used at work?

P/E comes up most often in board meetings, quarterly business reviews, and strategy off-sites. It's used as shorthand for price-to-earnings ratio, so people assume you already know the term.