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 financial trajectory from 2006 to 2023 is characterized by a sustained increase in share price and earnings per share, although the Price to Earnings (P/E) ratio exhibits significant volatility reflecting shifts in market valuation and earnings performance.
- Share Price and Earnings Growth
- A consistent upward trend in share price is observed, rising from 46.40 in 2006 to 428.99 in 2023. This appreciation was generally supported by steady growth in earnings per share (EPS), which climbed from 1.78 in 2006 to 10.91 in 2022. A substantial surge in EPS occurred in 2023, reaching 42.78, which represents a sharp deviation from the historical earnings growth pattern.
- P/E Ratio Analysis and Valuation Trends
- The P/E ratio demonstrated a period of relative stability between 2006 and 2016, typically fluctuating between 20.14 and 26.14, with a notable exception in 2009 when the ratio dropped to 11.90. A valuation expansion phase was evident from 2017 to 2019, with the ratio reaching 35.04. This expansion peaked in 2021 and 2022, where the P/E ratio reached 42.42 and 40.24, respectively, indicating a significant increase in the premium the market was willing to pay per dollar of earnings.
- Valuation Compression in 2023
- A dramatic contraction in the P/E ratio is observed in 2023, falling to 10.03. This compression was not driven by a collapse in share price, which remained high at 428.99, but was the direct result of the disproportionate increase in EPS to 42.78. This resulted in the lowest valuation multiple observed since the 2009 period.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
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. | Lumentum Holdings Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|---|
| Feb 27, 2023 | 10.03 | 24.82 | 32.05 | 15.78 | 7.31 | 31.19 | 12.72 |
| Feb 22, 2022 | 40.24 | 25.96 | 47.57 | 23.34 | 20.88 | 15.85 | 16.15 |
| Feb 22, 2021 | 42.42 | 32.24 | 37.42 | 15.46 | 6.21 | 46.62 | 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 | — | 17.86 | 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 | 23.17 |
| Feb 22, 2022 | 40.24 | 25.67 |
| Feb 22, 2021 | 42.42 | 28.13 |
| Feb 28, 2020 | 21.11 | 21.01 |
| Feb 25, 2019 | 35.04 | 19.89 |
| Feb 23, 2018 | 29.75 | 18.27 |
| Feb 27, 2017 | 32.49 | 13.86 |
| Feb 26, 2016 | 24.73 | 12.86 |
| 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 | 26.99 |
| Feb 22, 2022 | 40.24 | 29.75 |
| Feb 22, 2021 | 42.42 | 30.97 |
| Feb 28, 2020 | 21.11 | 23.40 |
| Feb 25, 2019 | 35.04 | 23.17 |
| Feb 23, 2018 | 29.75 | 23.55 |
| Feb 27, 2017 | 32.49 | 19.69 |
| Feb 26, 2016 | 24.73 | 16.54 |
| Feb 20, 2015 | 26.14 | 17.14 |
| Feb 21, 2014 | 24.95 | 14.15 |
| Feb 25, 2013 | 24.82 | 14.37 |
| Feb 24, 2012 | 21.45 | 13.71 |
| Feb 25, 2011 | 24.59 | 15.08 |
| Feb 26, 2010 | 21.69 | 21.50 |
| Mar 2, 2009 | 11.90 | 15.83 |
| Feb 29, 2008 | 20.14 | 36.48 |
| Mar 1, 2007 | 24.17 | 32.07 |
| Mar 16, 2006 | 26.11 | 33.76 |
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).