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Tactile Systems Technology's Forward PE Ratio for today is 25.06.
Tactile Systems Technology's PE Ratio without NRI for today is 13.07.
Tactile Systems Technology's PE Ratio for today is 11.96.
The historical data trend for Tactile Systems Technology's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tactile Systems Technology Annual Data | |||||||||||||||||||
Trend | 2016-12 | 2017-12 | 2018-12 | 2019-12 | 2020-12 | 2021-12 | 2022-03 | 2023-12 | 2024-04 | ||||||||||
Forward PE Ratio | 149.25 | 131.58 | 128.21 | 117.65 | 105.26 | 25.91 | 153.85 | 27.47 | 25.06 |
Tactile Systems Technology Quarterly Data | ||||||||||||||||||||||||||
2016-09 | 2016-12 | 2017-03 | 2017-06 | 2017-09 | 2017-12 | 2018-03 | 2018-06 | 2018-09 | 2018-12 | 2019-03 | 2019-06 | 2019-09 | 2019-12 | 2020-03 | 2020-06 | 2020-09 | 2020-12 | 2021-03 | 2021-06 | 2021-09 | 2021-12 | 2022-03 | 2023-09 | 2023-12 | 2024-03 | |
Forward PE Ratio | 169.49 | 149.25 | 188.68 | 588.24 | 147.06 | 131.58 | 188.68 | 192.31 | 256.41 | 128.21 | 135.14 | 142.86 | 75.19 | 117.65 | 55.56 | 370.37 | 81.97 | 105.26 | 128.21 | 149.25 | 53.48 | 25.91 | 153.85 | 61.35 | 27.47 | 28.49 |
For the Medical Devices subindustry, Tactile Systems Technology's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Medical Devices & Instruments industry and Healthcare sector, Tactile Systems Technology's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Tactile Systems Technology's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Tactile Systems Technology (NAS:TCMD) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Thank you for viewing the detailed overview of Tactile Systems Technology's Forward PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Boyd Vindell Washington | director | 1331 TYLER STREET NE, STE 200, MINNEAPOLIS MN 55413 |
Daniel L. Reuvers | director, officer: President and CEO | INTEGRA LIFESCIENCES CORPORATION, 311 ENTERPRISE DRIVE, PLAINSBORO NJ 08536 |
Sherri Lee Ferstler | officer: Senior VP, Sales | 1331 TYLER STREET NE, STE 200, MINNEAPOLIS MN 55413 |
William W Burke | director | 3868 MOCKINGBIRD LN, DALLAS TX 75205 |
Kristie Burns | officer: Sr. VP Mktg & Clinical Affairs | 3701 WAYZATA BLVD, MINNEAPOLIS MN 55416 |
Eric Pauls | officer: Senior VP, Sales | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
Elaine M. Birkemeyer | officer: Chief Financial Officer | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
Brent Moen | officer: Chief Financial Officer | 3600 HOLLY LANE NORTH, SUITE 40, PLYMOUTH MN 55447 |
Carmen B Volkart | director | C/O MODULAR MEDICAL, INC., 16772 WEST BERNARDO DRIVE, SAN DIEGO CA 92127 |
Valerie L. Asbury | director | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
David Brent Shafer | director | 2800 ROCKCREEK PARKWAY, NORTH KANSAS CITY MO 64117 |
Bryan Rishe | officer: Vice President, Sales | 1331 TYLER STREET NE, SUITE 200, MINNEAPOLIS MN 55413 |
Deepti Jain | director | 3701 WAYZATA BLVD, MINNEAPOLIS MN 55416 |
Sheri Louise Dodd | director | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
Gerald R. Mattys | director, officer: Chief Executive Officer | 1331 TYLER STREET NE, SUITE 200, MINNEAPOLIS MN 55413 |
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