Stock Analysis on Net

Roper Technologies Inc. (NASDAQ:ROP)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Price to Operating Profit (P/OP)
since 2005

Microsoft Excel

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Calculation

Roper Technologies Inc., P/OP, long-term trends, calculation

Microsoft Excel

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.


Share Price Trends
The share price exhibits an overall upward trajectory from 2006 to 2023. Beginning at $46.40 in 2006, the price experienced some fluctuations, including a notable dip to $37.99 in 2009. Following this decline, the share price steadily increased, reaching a peak of $439.21 in 2022, before slightly retreating to $428.99 in 2023. The growth was particularly strong post-2012, with several consecutive years of substantial appreciation.
Operating Profit Per Share
Operating profit per share demonstrates consistent growth throughout the period. Starting at $3.07 in 2006, it rose incrementally, reaching $14.35 by 2023. There are minor fluctuations, such as a dip from $14.12 in 2020 to $13.64 in 2021, but the general trend is positive. This steady increase indicates improving profitability on a per-share basis over time.
Price-to-Operating Profit (P/OP) Ratio
The P/OP ratio underwent notable changes over the period. Initially, it decreased from 15.1 in 2006 to a low of 7.01 in 2009, reflecting the sharp share price drop during that year relative to operating profits. Post-2009, the ratio generally increased, moving from around 13.14 in 2010 to a peak above 31 in 2022, slightly decreasing to 29.9 in 2023. This rising ratio suggests that the market valuation of earnings grew at a faster pace than the actual operating profit per share, implying elevated investor expectations or market optimism.
Summary of Financial Performance and Market Perception
The company’s financial performance, as evidenced by the operating profit per share, has strengthened steadily over the analyzed years. Despite economic or market volatility, the operating profit per share sustained an upward trend. Conversely, the share price experienced greater volatility but ultimately grew significantly. The divergence in growth rates between share price and operating profit is reflected in the increasing P/OP ratio, indicating that market valuation became progressively more aggressive compared to fundamental profits. The peak in the P/OP ratio around 2022 might suggest heightened market confidence or speculative valuation factors at that time.

Comparison to Competitors

Roper Technologies Inc., P/OP, long-term trends, comparison to competitors

Microsoft Excel

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).