Price to Earnings (P/E)
since 2005
Calculation
Amphenol Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to Amphenol Corporation1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 7, 2024 | 32.44 | = | 104.26 | ÷ | 3.21 | 3.21 | = | 1,928,000 | ÷ | 599,854,853 | |
| Feb 8, 2023 | 25.41 | = | 81.28 | ÷ | 3.20 | 3.20 | = | 1,902,300 | ÷ | 594,604,514 | |
| Feb 9, 2022 | 30.12 | = | 79.99 | ÷ | 2.66 | 2.66 | = | 1,590,800 | ÷ | 598,939,773 | |
| Feb 10, 2021 | 32.69 | = | 65.66 | ÷ | 2.01 | 2.01 | = | 1,203,400 | ÷ | 599,153,422 | |
| Feb 12, 2020 | 26.73 | = | 51.78 | ÷ | 1.94 | 1.94 | = | 1,155,000 | ÷ | 596,202,310 | |
| Feb 13, 2019 | 22.72 | = | 45.93 | ÷ | 2.02 | 2.02 | = | 1,205,000 | ÷ | 596,174,420 | |
| Feb 21, 2018 | 42.46 | = | 45.21 | ÷ | 1.06 | 1.06 | = | 650,500 | ÷ | 610,967,560 | |
| Feb 17, 2017 | 25.97 | = | 34.73 | ÷ | 1.34 | 1.34 | = | 822,900 | ÷ | 615,328,656 | |
| Feb 19, 2016 | 21.02 | = | 26.05 | ÷ | 1.24 | 1.24 | = | 763,500 | ÷ | 616,076,154 | |
| Feb 20, 2015 | 24.90 | = | 28.46 | ÷ | 1.14 | 1.14 | = | 709,100 | ÷ | 620,391,200 | |
| Feb 21, 2014 | 21.94 | = | 22.04 | ÷ | 1.00 | 1.00 | = | 635,672 | ÷ | 632,798,072 | |
| Feb 22, 2013 | 20.36 | = | 17.70 | ÷ | 0.87 | 0.87 | = | 555,317 | ÷ | 638,792,392 | |
| Feb 24, 2012 | 17.55 | = | 14.08 | ÷ | 0.80 | 0.80 | = | 524,191 | ÷ | 653,329,832 | |
| Feb 28, 2011 | 20.37 | = | 14.37 | ÷ | 0.71 | 0.71 | = | 496,405 | ÷ | 703,734,272 | |
| Feb 23, 2010 | 22.48 | = | 10.31 | ÷ | 0.46 | 0.46 | = | 317,834 | ÷ | 692,930,404 | |
| Feb 23, 2009 | 10.21 | = | 6.25 | ÷ | 0.61 | 0.61 | = | 419,151 | ÷ | 684,749,272 | |
| Feb 26, 2008 | 19.21 | = | 9.58 | ÷ | 0.50 | 0.50 | = | 353,194 | ÷ | 708,261,032 | |
| Feb 21, 2007 | 23.65 | = | 8.49 | ÷ | 0.36 | 0.36 | = | 255,691 | ÷ | 712,220,144 | |
| Mar 16, 2006 | 22.68 | = | 6.43 | ÷ | 0.28 | 0.28 | = | 206,339 | ÷ | 727,738,264 |
Based on: 10-K (reporting date: 2023-12-31), 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 Amphenol Corp. Annual Report.
The financial trajectory between 2006 and 2024 is characterized by substantial long-term growth in both equity valuation and profitability. Share prices expanded from 6.43 USD to 104.26 USD, while earnings per share (EPS) increased from 0.28 USD to 3.21 USD, indicating a strong correlation between bottom-line growth and market valuation.
- Earnings per Share (EPS) Trends
- A consistent upward trend in EPS is observed, with total growth exceeding 1,000% over the analyzed period. Growth was relatively steady until 2018, where a temporary decline to 1.06 USD occurred. Following this dip, profitability accelerated significantly, more than tripling from 2018 levels to reach 3.21 USD by 2024.
- Share Price Performance
- The share price exhibited a general bullish trend, though it experienced a notable contraction in 2009, falling to 6.25 USD. From 2016 onward, the price entered a period of rapid appreciation, moving from 26.05 USD to over 100 USD by 2024, reflecting increased investor confidence and market capitalization growth.
- Price-to-Earnings (P/E) Ratio Analysis
- The P/E ratio displayed significant volatility, reflecting shifts in market sentiment and earnings stability. A notable valuation trough occurred in 2009, with the ratio dropping to 10.21, the lowest in the recorded period. Conversely, a sharp spike to 42.46 was observed in 2018, driven by a decrease in EPS while the share price continued to rise.
- Valuation Baseline Shift
- A shift in the valuation baseline is evident in the latter part of the series. Between 2006 and 2017, the P/E ratio predominantly fluctuated between 17 and 26. However, from 2020 to 2024, the ratio maintained a higher floor, consistently remaining above 25 and peaking at 32.69 in 2021, suggesting that the market has attributed a higher premium to the company's earnings in recent years.
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Comparison to Competitors
Amphenol Corp., P/E, long-term trends, comparison to competitors
| Amphenol Corp. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|---|
| Feb 7, 2024 | 32.44 | 28.33 | 39.77 | 18.26 | 11.94 | — | 21.10 |
| Feb 8, 2023 | 25.41 | 24.82 | 32.05 | 15.78 | 7.31 | 31.19 | 12.72 |
| Feb 9, 2022 | 30.12 | 25.96 | 47.57 | 23.34 | 20.88 | 15.85 | 16.15 |
| Feb 10, 2021 | 32.69 | 32.24 | 37.42 | 15.46 | 6.21 | 46.62 | 17.04 |
| Feb 12, 2020 | 26.73 | 20.00 | 19.88 | 17.69 | — | — | 15.81 |
| Feb 13, 2019 | 22.72 | 16.07 | 60.93 | 1,964.84 | — | 17.86 | 24.38 |
| Feb 21, 2018 | 42.46 | 18.32 | 43.57 | 16.37 | — | — | 14.85 |
| Feb 17, 2017 | 25.97 | 13.49 | 45.89 | 14.69 | — | — | 14.46 |
| Feb 19, 2016 | 21.02 | 12.46 | 38.16 | 14.82 | — | — | 12.64 |
| Feb 20, 2015 | 24.90 | 15.60 | 52.60 | 16.14 | — | — | 22.18 |
| Feb 21, 2014 | 21.94 | 12.75 | — | 12.98 | — | — | 26.49 |
| Feb 22, 2013 | 20.36 | 13.42 | — | 12.55 | — | — | 18.42 |
| Feb 24, 2012 | 17.55 | 14.37 | — | 13.54 | — | — | 12.74 |
| Feb 28, 2011 | 20.37 | 20.16 | — | 15.56 | — | — | 13.73 |
| Feb 23, 2010 | 22.48 | 31.17 | — | 21.79 | — | — | 17.29 |
| Feb 23, 2009 | 10.21 | 19.00 | — | 16.35 | — | — | 13.14 |
| Feb 26, 2008 | 19.21 | 41.16 | — | 26.61 | — | — | 13.15 |
| Feb 21, 2007 | 23.65 | 36.65 | — | 24.85 | — | — | — |
| Mar 16, 2006 | 22.68 | 45.25 | — | 19.86 | — | — | — |
Based on: 10-K (reporting date: 2023-12-31), 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)
Amphenol Corp., P/E, long-term trends, comparison to sector (technology hardware & equipment)
| Amphenol Corp. | Technology Hardware & Equipment | |
|---|---|---|
| Feb 7, 2024 | 32.44 | 27.10 |
| Feb 8, 2023 | 25.41 | 23.17 |
| Feb 9, 2022 | 30.12 | 25.67 |
| Feb 10, 2021 | 32.69 | 28.13 |
| Feb 12, 2020 | 26.73 | 21.01 |
| Feb 13, 2019 | 22.72 | 19.89 |
| Feb 21, 2018 | 42.46 | 18.27 |
| Feb 17, 2017 | 25.97 | 13.86 |
| Feb 19, 2016 | 21.02 | 12.86 |
| Feb 20, 2015 | 24.90 | 15.77 |
| Feb 21, 2014 | 21.94 | 12.81 |
| Feb 22, 2013 | 20.36 | 13.28 |
| Feb 24, 2012 | 17.55 | 14.20 |
| Feb 28, 2011 | 20.37 | 18.52 |
| Feb 23, 2010 | 22.48 | 26.30 |
| Feb 23, 2009 | 10.21 | 17.34 |
| Feb 26, 2008 | 19.21 | 31.28 |
| Feb 21, 2007 | 23.65 | 27.95 |
| Mar 16, 2006 | 22.68 | 24.65 |
Based on: 10-K (reporting date: 2023-12-31), 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)
Amphenol Corp., P/E, long-term trends, comparison to industry (information technology)
| Amphenol Corp. | Information Technology | |
|---|---|---|
| Feb 7, 2024 | 32.44 | 36.13 |
| Feb 8, 2023 | 25.41 | 26.99 |
| Feb 9, 2022 | 30.12 | 29.75 |
| Feb 10, 2021 | 32.69 | 30.97 |
| Feb 12, 2020 | 26.73 | 23.40 |
| Feb 13, 2019 | 22.72 | 23.17 |
| Feb 21, 2018 | 42.46 | 23.55 |
| Feb 17, 2017 | 25.97 | 19.69 |
| Feb 19, 2016 | 21.02 | 16.54 |
| Feb 20, 2015 | 24.90 | 17.14 |
| Feb 21, 2014 | 21.94 | 14.15 |
| Feb 22, 2013 | 20.36 | 14.37 |
| Feb 24, 2012 | 17.55 | 13.71 |
| Feb 28, 2011 | 20.37 | 15.08 |
| Feb 23, 2010 | 22.48 | 21.50 |
| Feb 23, 2009 | 10.21 | 15.83 |
| Feb 26, 2008 | 19.21 | 36.48 |
| Feb 21, 2007 | 23.65 | 32.07 |
| Mar 16, 2006 | 22.68 | 33.76 |
Based on: 10-K (reporting date: 2023-12-31), 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).