Price to Earnings (P/E)
since 2005
Calculation
Roper Technologies Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net earnings1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 27, 2023 | 10.03 | = | 428.99 | ÷ | 42.78 | 42.78 | = | 4,544,700 | ÷ | 106,243,275 | |
| Feb 22, 2022 | 40.24 | = | 439.21 | ÷ | 10.91 | 10.91 | = | 1,152,600 | ÷ | 105,602,835 | |
| Feb 22, 2021 | 42.42 | = | 383.92 | ÷ | 9.05 | 9.05 | = | 949,700 | ÷ | 104,939,597 | |
| Feb 28, 2020 | 21.11 | = | 351.70 | ÷ | 16.66 | 16.66 | = | 1,767,900 | ÷ | 106,109,664 | |
| Feb 25, 2019 | 35.04 | = | 319.35 | ÷ | 9.12 | 9.12 | = | 944,400 | ÷ | 103,607,782 | |
| Feb 23, 2018 | 29.75 | = | 281.14 | ÷ | 9.45 | 9.45 | = | 971,772 | ÷ | 102,826,454 | |
| Feb 27, 2017 | 32.49 | = | 210.04 | ÷ | 6.47 | 6.47 | = | 658,645 | ÷ | 101,874,232 | |
| Feb 26, 2016 | 24.73 | = | 170.34 | ÷ | 6.89 | 6.89 | = | 696,067 | ÷ | 101,064,624 | |
| Feb 20, 2015 | 26.14 | = | 168.30 | ÷ | 6.44 | 6.44 | = | 646,033 | ÷ | 100,356,523 | |
| Feb 21, 2014 | 24.95 | = | 134.92 | ÷ | 5.41 | 5.41 | = | 538,293 | ÷ | 99,547,874 | |
| Feb 25, 2013 | 24.82 | = | 121.30 | ÷ | 4.89 | 4.89 | = | 483,360 | ÷ | 98,891,400 | |
| Feb 24, 2012 | 21.45 | = | 94.58 | ÷ | 4.41 | 4.41 | = | 427,247 | ÷ | 96,892,635 | |
| Feb 25, 2011 | 24.59 | = | 83.21 | ÷ | 3.38 | 3.38 | = | 322,580 | ÷ | 95,336,634 | |
| Feb 26, 2010 | 21.69 | = | 55.44 | ÷ | 2.56 | 2.56 | = | 239,481 | ÷ | 93,684,013 | |
| Mar 2, 2009 | 11.90 | = | 37.99 | ÷ | 3.19 | 3.19 | = | 286,515 | ÷ | 89,765,578 | |
| Feb 29, 2008 | 20.14 | = | 56.40 | ÷ | 2.80 | 2.80 | = | 250,033 | ÷ | 89,306,840 | |
| Mar 1, 2007 | 24.17 | = | 53.15 | ÷ | 2.20 | 2.20 | = | 193,324 | ÷ | 87,911,964 | |
| Mar 16, 2006 | 26.11 | = | 46.40 | ÷ | 1.78 | 1.78 | = | 153,175 | ÷ | 86,207,669 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Roper Technologies Inc. Annual Report.
The analysis of the financial data over the period from March 2006 through February 2023 reveals several notable trends in share price, earnings per share (EPS), and the price-to-earnings (P/E) ratio.
- Share Price
- The share price showed an overall upward trajectory, increasing from $46.40 in March 2006 to a peak of $439.21 in February 2022. A few fluctuations are observed, such as a decline in 2009 to $37.99 during the financial crisis, followed by a robust recovery and consistent growth thereafter. Despite a slight drop to $428.99 in February 2023, the longer-term trend is strongly positive, indicating investor confidence and appreciation in market value.
- Earnings Per Share (EPS)
- EPS increased steadily from $1.78 in 2006 to reach $42.78 by February 2023. Some variability occurred, including a dip in 2010 to $2.56 and fluctuations between 2015 and 2021, yet the overall pattern reflects substantial growth in profitability. The remarkable jump to $42.78 in the latest year suggests either significant operational improvements or non-recurring gains influencing earnings.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio exhibited more volatility compared to share price and EPS. Starting at 26.11 in 2006, it declined to a low of 10.03 by February 2023. Peak values are noted in 2017 and 2019 at 32.49 and 35.04 respectively, indicating periods of higher valuation relative to earnings. The sharp drop to 10.03 in the most recent year suggests that the market price is relatively lower compared to earnings, possibly reflecting market skepticism or an adjustment following the EPS spike.
In summary, the data depicts a company experiencing strong growth in share price and earnings over the long term. The declining P/E ratio in recent years implies a market recalibration of valuation despite earnings gains. Such a pattern could warrant further investigation into the underlying causes of the EPS surge and market sentiment reflected in the price multiples.
Comparison to Competitors
Roper Technologies Inc., P/E, long-term trends, comparison to competitors
| Roper Technologies Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Feb 27, 2023 | 10.03 | 24.82 | 32.05 | 15.78 | 7.31 | 12.72 |
| Feb 22, 2022 | 40.24 | 25.96 | 47.57 | 23.34 | 20.88 | 16.15 |
| Feb 22, 2021 | 42.42 | 32.24 | 37.42 | 15.46 | 6.21 | 17.04 |
| Feb 28, 2020 | 21.11 | 20.00 | 19.88 | 17.69 | — | 15.81 |
| Feb 25, 2019 | 35.04 | 16.07 | 60.93 | 1,964.84 | — | 24.38 |
| Feb 23, 2018 | 29.75 | 18.32 | 43.57 | 16.37 | — | 14.85 |
| Feb 27, 2017 | 32.49 | 13.49 | 45.89 | 14.69 | — | 14.46 |
| Feb 26, 2016 | 24.73 | 12.46 | 38.16 | 14.82 | — | 12.64 |
| Feb 20, 2015 | 26.14 | 15.60 | 52.60 | 16.14 | — | 22.18 |
| Feb 21, 2014 | 24.95 | 12.75 | — | 12.98 | — | 26.49 |
| Feb 25, 2013 | 24.82 | 13.42 | — | 12.55 | — | 18.42 |
| Feb 24, 2012 | 21.45 | 14.37 | — | 13.54 | — | 12.74 |
| Feb 25, 2011 | 24.59 | 20.16 | — | 15.56 | — | 13.73 |
| Feb 26, 2010 | 21.69 | 31.17 | — | 21.79 | — | 17.29 |
| Mar 2, 2009 | 11.90 | 19.00 | — | 16.35 | — | 13.14 |
| Feb 29, 2008 | 20.14 | 41.16 | — | 26.61 | — | 13.15 |
| Mar 1, 2007 | 24.17 | 36.65 | — | 24.85 | — | — |
| Mar 16, 2006 | 26.11 | 45.25 | — | 19.86 | — | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Roper Technologies Inc., P/E, long-term trends, comparison to sector (technology hardware & equipment)
| Roper Technologies Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Feb 27, 2023 | 10.03 | 23.16 |
| Feb 22, 2022 | 40.24 | 25.71 |
| Feb 22, 2021 | 42.42 | 28.10 |
| Feb 28, 2020 | 21.11 | 20.94 |
| Feb 25, 2019 | 35.04 | 19.89 |
| Feb 23, 2018 | 29.75 | 18.18 |
| Feb 27, 2017 | 32.49 | 13.83 |
| Feb 26, 2016 | 24.73 | 12.84 |
| Feb 20, 2015 | 26.14 | 15.77 |
| Feb 21, 2014 | 24.95 | 12.81 |
| Feb 25, 2013 | 24.82 | 13.28 |
| Feb 24, 2012 | 21.45 | 14.20 |
| Feb 25, 2011 | 24.59 | 18.52 |
| Feb 26, 2010 | 21.69 | 26.30 |
| Mar 2, 2009 | 11.90 | 17.34 |
| Feb 29, 2008 | 20.14 | 31.28 |
| Mar 1, 2007 | 24.17 | 27.95 |
| Mar 16, 2006 | 26.11 | 24.65 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Roper Technologies Inc., P/E, long-term trends, comparison to industry (information technology)
| Roper Technologies Inc. | Information Technology | |
|---|---|---|
| Feb 27, 2023 | 10.03 | 26.90 |
| Feb 22, 2022 | 40.24 | 29.73 |
| Feb 22, 2021 | 42.42 | 31.25 |
| Feb 28, 2020 | 21.11 | 23.31 |
| Feb 25, 2019 | 35.04 | 23.20 |
| Feb 23, 2018 | 29.75 | 23.46 |
| Feb 27, 2017 | 32.49 | 19.50 |
| Feb 26, 2016 | 24.73 | 16.54 |
| Feb 20, 2015 | 26.14 | 17.12 |
| Feb 21, 2014 | 24.95 | 14.15 |
| Feb 25, 2013 | 24.82 | 14.37 |
| Feb 24, 2012 | 21.45 | 13.74 |
| Feb 25, 2011 | 24.59 | 14.99 |
| Feb 26, 2010 | 21.69 | 21.44 |
| Mar 2, 2009 | 11.90 | 15.67 |
| Feb 29, 2008 | 20.14 | 36.25 |
| Mar 1, 2007 | 24.17 | 31.93 |
| Mar 16, 2006 | 26.11 | 33.62 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).